The USDJPY price achieves strong gains – Forecast today - 20-03-2024
2024-03-20 03:02AM UTC

The USDJPY price rallied upwards sharply yesterday to surpass the recently recorded high at 150.88 and settles above it, opening the way to achieve more gains on the short-term and medium term basis, noting that the next station is located at 151.70, which breaching it represents the key to rally towards 153.00 areas.


Therefore, the bullish trend will remain valid in the upcoming period, noting that breaking 150.88 will stop the expected rise and push the price to achieve some intraday bearish correction before turning back to rise again.


The expected trading range for today is between 150.60 support and 152.10 resistance


Trend forecast: Bullish

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