The USDJPY leans on the support base – Analysis - 13-07-2022
Economies.com
2022-07-13 04:03AM UTC
The USDJPY pair tested the support base formed at 136.70 and kept its stability above it, to start rising now, on its way to resume the main bullish wave, which targets 138.00 areas as a next main station.
Therefore, the bullish trend scenario will remain active on the intraday and short term basis, supported by the positive signal provided by stochastic now, noting that breaking 136.70 will stop the suggested rise and press on the price to turn to decline.
The expected trading range for today is between 136.50 support and 138.00 resistance
The expected trend for today: Bullish
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