The USDJPY keeps achieving the positive targets – Analysis - 30-05-2023
Economies.com
2023-05-30 04:10AM UTC
The USDJPY pair continued to rise to reach the thresholds of the extended target at 141.00, showing negative trades by today’s open to test the key support base 139.80, noting that the price needs to consolidate above this level to keep the bullish trend active for the upcoming period, which its targets extend to reach 141.50.
Stochastic got rid of its negative momentum to show positive signals now that support the chances of resuming the expected rise, noting that breaking 139.80 will stop the bullish wave and push the price to turn to decline.
The expected trading range for today is between 139.40 support and 141.00 resistance
The expected trend for today: Bullish
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