The USDJPY price awaits more rise – Forecast today - 19-03-2024

Economies.com
2024-03-19 02:23AM UTC

The USDJPY price didn’t show any strong move yesterday, to fluctuate within tight track around 149.20, thus, no change to the expected bullish trend scenario for the upcoming period, affected by the double top pattern that appears on the chart, reminding you that our next target is located at 149.90.

 

Holding above 148.37 and 148.15 levels is important to the continuation of the expected rise, as breaking these levels will push the price to return to the correctional bearish track again.

 

The expected trading range for today is between 148.60 support and 150.00 resistance

 

Trend forecast: Bullish

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