The USDJPY is recovering – Analysis - 01-04-2022

2022-04-01 03:51:27 GMT (Economies.com)
 

The USDJPY pair opens today’s trading with clear positivity to breach the correctional bearish channel’s resistance and reach 122.62 level now, which hints heading to resume the main bullish trend, and it needs to breach the mentioned level to confirm opening the way to achieve more gains that start at 123.40 and extend to 125.00.

 

Therefore, the bullish bias will be suggested in the upcoming sessions, noting that failing to achieve the required breach will press on the price to decline again and visit 121.10 initially.

The expected trading range for today is between 122.00 support and 123.20 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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