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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