The USDJPY price leans on the support – Forecast today - 29-03-2024
2024-03-29 01:43AM UTC

USDJPY Price Analysis

Expected Scenario: Bullish Trend

  • The USDJPY price tested the intraday bullish trend line on the chart and bounced bullishly.
  • This suggests an attempt to resume the expected bullish trend for the upcoming period.
  • The initial targets start with breaching $151.81 to confirm heading towards $153.00 as the next positive station.
  • We continue to suggest the bullish trend on the intraday and short-term basis, conditioned by price stability above $151.10.

Expected Trading Range for Today

  • Support: $150.70
  • Resistance: $152.20

Trend Forecast: Bullish

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