The USDJPY price needs strong positive motive – Forecast today - 03-04-2024
Economies.com
2024-04-03 02:32AM UTC
USDJPY Price Update
USDJPY Analysis
- The USDJPY price trades negatively to approach testing the ascending triangle’s support line.
- The EMA50 meets this support to add more strength to it.
- Waiting to resume the positive trades and breach 151.81 to confirm extending the bullish wave.
- Next target is located at 153.00.
- Note that breaking 151.25 will cancel the positive formation.
- Putting the price under correctional bearish pressure, with the first target at 150.55.
Expected Trading Range for Today
- Between 150.80 support and 152.30 resistance.
Trend Forecast: Bullish
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