The USDJPY is recovering – Analysis - 13-09-2023
Economies.com
1 week ago
The USDJPY pair breached 146.90 level clearly to head towards resuming the main bullish trend again, organized inside the bullish channel that appears on the chart, which supports the chances of surpassing the recently recorded high at 147.86 to head towards 149.00 areas as a next main station.
The EMA50 provides the positive support to the price, to reinforce the expectations to rise in the upcoming sessions, noting that breaking 146.90 followed by 146.35 levels will stop the suggested rise and push the price to return to the correctional bearish track again.
The expected trading range for today is between 146.70 support and 148.20 resistance
The expected trend for today: Bullish
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