The USDJPY price resumes the bullish track – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:19AM UTC
USDJPY Price Analysis
Expected Scenario
- The USDJPY price breached 151.96 strongly and rallied upwards to achieve the expected positive target at 153.00 direct.
- This indicates a continuation of the main bullish trend, heading towards additional gains reaching 154.10 areas as the next main station.
Expected Outcome
The bullish channels support the continuation of the expected bullish wave, which receives good support from the EMA50.
Note that breaking 151.85 will stop the expected rise and push the price to achieve some intraday bearish correction.
Expected Trading Range
Between 152.10 support and 153.80 resistance.
Trend Forecast: Bullish
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