The USDJPY price faces solid resistance – Forecast today - 28-03-2024
Economies.com
2024-03-28 03:08AM UTC
USDJPY Price Analysis
Bullish Scenario
- The USDJPY price bounced downwards clearly after attempting to breach 151.81 level yesterday.
- Tested the key support 151.10.
- Noticing that the price attempts to recover by today’s open.
- Keep our bullish overview on the intraday basis, waiting to breach the mentioned resistance.
- Open the way to rally towards 153.00 as a next main target.
Bullish Wave Support
The EMA50 continues to support the suggested bullish wave.
Breaking 151.10 will push the price to achieve bearish correction that targets testing 150.55 initially.
Trading Range
The expected trading range for today is between 150.70 support and 152.20 resistance.
Trend forecast: Bullish
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