The USDJPY price reaches the first target – Forecast today - 18-03-2024
Economies.com
2024-03-18 03:16AM UTC
The USDJPY price succeeded to touch our first positive target at 149.25 and settles there, and we suggest the continuation of the bullish bias in the upcoming sessions affected by the previously completed double bottom pattern, which has additional targets that reach 149.90.
Therefore, our bullish overview will remain valid for the upcoming period, supported by moving above the EMA50, while its continuation conditions holding above 148.37 and 148.15 levels.
The expected trading range for today is between 148.60 support and 150.00 resistance
Trend forecast: Bullish
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