The USDJPY is satisfied with the first negative target – Analysis - 06-05-2022
Economies.com
2022-05-06 04:19AM UTC
The USDJPY pair touched our first suggested negative target at 128.60 and bounced upwards strongly from there, to attempt to return to the main bullish channel now, which leads the price to achieve more expected gains in the upcoming sessions, targeting visiting 131.25 followed by 132.00 levels mainly.
Therefore, the bullish bias will be suggested for today supported by the EMA50, noting that breaking 130.25 followed by 129.60 levels will put the price under the correctional bearish pressure again.
The expected trading range for today is between 129.90 support and 131.25 resistance
The expected trend for today: Bullish
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