The USDJPY price tests the resistance – Forecast today - 09-04-2024
Economies.com
2024-04-09 02:22AM UTC
USDJPY Price Analysis
Expected Scenario
The USDJPY price provided positive trades yesterday to test the key resistance at 151.96, which represents one of the next trend keys along with 151.40. As mentioned in the last report, the price needs to surpass one of these levels to detect its next destination clearly. This maintains our neutrality stance for now.
It's worth reminding that the continuation of the rise and breaching the mentioned resistance will lead the price to resume the main bullish trend, targeting 153.00$ areas initially. Breaking the support will put the price under negative pressure, with targets starting at 150.67 levels.
Expected Trading Range
Between the support at 151.00 and the resistance at 152.70
Trend Forecast: Neutral
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