The USDJPY leans on the support – Analysis - 02-03-2023
Economies.com
2023-03-02 03:58AM UTC
The USDJPY pair leaned on the bullish channel’s support line and bounced bullishly from there, as the EMA50 meets this support to add more strength to it, to resume the correctional bullish track, and the way is open to achieve our next target at 137.70.
Stochastic loses its positive momentum clearly now, which might cause additional sideways trades before resuming the expected bullish bias.
Holding above 135.65 is important to continue the expected rise, as breaking it will put the price under intraday negative pressure to head towards visiting 133.30 before any new attempt to rise.
The expected trading range for today is between 135.50 support and 137.30 resistance
The expected trend for today: Bullish
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