The USDJPY price is recovering – Forecast today - 22-03-2024
2024-03-22 02:48AM UTC

The USDJPY price found solid support at 150.55 level, to rebound bullishly and reach the recently recorded high at 151.81, noticing that the price begins to provide bearish rebound signals now, to head towards resuming the expected correctional bearish track on the intraday basis, which its targets begin at 150.55 and extend to 149.77 after breaking the previous level.


RSI negativity supports the continuation of the expected decline, noting that breaching 151.81 will stop the negative scenario and push the price to continue the main bullish track again.


The expected trading range for today is between 150.60 support and 152.00 resistance


Trend forecast: Bearish

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