The USDJPY is forced for some temporary decline – Analysis - 02-05-2022

2022-05-02 00:03:47 GMT (Economies.com)
 

The USDJPY pair faced negative pressure in the previous sessions to test the key support 129.40, and begins to rise again by today’s open, to keep the main bullish trend valid on the intraday and short term basis, waiting to head towards 132.00 that represents our next main target.

 

Stochastic and the EMA50 support the suggested bullish wave, which will remain valid unless breaking 129.10 and holding below it.

The expected trading range for today is between 129.70 support and 131.00 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0181
-0.0067
0.6567%
1.2072
-0.0178
1.4535%
19.879
-0.417
2.055%
89.115
-4.549
4.857%
94.92
0.80
0.85%
1772.235
1.935
0.109%
 
 
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