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The USDJPY keeps its positive stability – Analysis - 24-02-2023
The USDJPY pair faced temporary negative pressure yesterday to test the EMA50 and rebounds bullishly to settle above 134.40 again, to keep the bullish trend scenario valid and active for the upcoming period, waiting to visit 135.70 followed by 137.70 levels as next main targets.
Stochastic attempts to overlap positively to provide positive motive that we are waiting to assist to push the price to resume the bullish bias, reminding you that breaking 134.40 will put the price under intraday negative pressure to head towards 133.30 before any new attempt to rise.
The expected trading range for today is between 134.00 support and 135.60 resistance
The expected trend for today: Bullish
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