The USDJPY price completes the positive formation – Forecast today - 27-03-2024

Economies.com
2024-03-27 02:29AM UTC

USDJPY Price Analysis

The USDJPY price managed to breach the bullish pennant pattern and settles above it now, to activate the positive effect of this pattern and get positive motive that supports the expectations to rise in the upcoming sessions, waiting to breach 151.81 to confirm heading towards 153.00 that represent sour next target.

  • The bullish trend scenario will remain valid on the intraday and short-term basis, reminding you that breaking 151.10 will put the price under negative pressure that its targets start by testing 150.55 areas.

The expected trading range for today is between 150.80 support and 152.30 resistance.

Trend forecast: Bullish

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