The USDJPY price crawls upwards – Forecast today - 15-05-2024

Economies.com
2024-05-15 03:38AM UTC

 

USDJPY Price Analysis

Expected Scenario

  • The USDJPY price shows calm bullish bias to gradually approach the first target at 157.00, getting continuous support by the EMA50, to reinforce the chances of continuing the bullish wave in the upcoming sessions, reminding you that surpassing the mentioned level will push the price towards 157.95 followed by 159.50.
  • The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 155.50.

Expected Trading Range

Between 155.70 support and 157.50 resistance.

Trend Forecast: Bullish

 

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