The USDJPY needs the positive momentum – Analysis - 03-05-2022

2022-05-03 03:56:23 GMT (Economies.com)
 

The USDJPY pair shows sideways trades since yesterday, moving near the bullish channel’s support line now, waiting to get positive momentum that assist to push the price to resume the main bullish trend, which targets 132.00 areas mainly.

 

In general, the bullish trend scenario will remain active for the upcoming period conditioned by the price stability above 129.60 and the most important above 129.10.

The expected trading range for today is between 129.50 support and 130.80 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0185
-0.0063
0.6123%
1.2079
-0.0171
1.3967%
19.903
-0.392
1.934%
89.339
-4.325
4.618%
94.92
0.80
0.85%
1773.375
3.075
0.174%
 
 
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