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The USDJPY hits the target – Analysis - 17-08-2022
The USDJPY pair succeeded to achieve our waited target at 134.50 and found solid resistance there, to show some temporary bearish bias, affected by stochastic negativity, noticing that the price trades above the breached intraday resistance that appears on the chart, waiting to resume the bullish bias to surpass the mentioned level and open the way to head towards 135.50 as a next positive station.
Therefore, we expect the continuation of the bullish trend domination, noting that breaking 133.90 will stop the suggested rise and press on the price to decline again.
The expected trading range for today is between 133.50 support and 135.00 resistance
The expected trend for today: Bullish
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