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The USDJPY keeps rising – Analysis - 22-02-2023
The USDJPY pair shows calm positive trades and attempted to surpass 135.00 barrier, as it gets continuous positive support by the EMA50, while we notice that the price lost its positive momentum to show negative signal that might press on the price to provide some temporary bearish bias before resuming the bullish track again.
Until now, the main bullish trend still active and suggested for the upcoming period, and the targets begin at 135.70 and extend to 137.70, noting that breaking 134.40 might press on the price to decline and test the key support areas 133.30 before any new attempt to rise.
The expected trading range for today is between 134.00 support and 135.70 resistance
The expected trend for today: Bullish
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