The USDJPY price awaits the breach – Forecast today - 02-04-2024
2024-04-02 01:41AM UTC

Market Analysis for USDJPY Price

  • The recent trades of USDJPY price are confined within an ascending triangle pattern, evident on the chart.
  • The price needs to breach 151.81 to activate the positive effect of this pattern, targeting the next main level at 153.00.
  • The bullish trend scenario remains valid, with a note that breaking 151.25 will halt the expected rise and trigger a bearish correction on the intraday basis.

The expected trading range for today is between 151.00 support and 152.50 resistance.

Trend forecast: Bullish

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