The USDJPY price within positive pattern – Forecast today - 26-03-2024
Economies.com
2024-03-26 02:15AM UTC
USDJPY Price Analysis
- The USDJPY price's recent trades are confined within a bullish pennant pattern visible on the chart.
- Breaking the pattern's resistance at 151.60 will provide positive momentum, leading to a resumption of the main bullish trend.
- This breach will open the way for the price to achieve new gains, surpassing the recently recorded high at 151.81 and targeting 153.00 as the next positive station.
- Positive trades in the upcoming sessions are expected, supported by the EMA50.
- Breaking below 151.10 will halt the expected rise and may lead to a bearish correction on the intraday basis.
Expected Trading Range for Today:
- Support: 150.70
- Resistance: 152.30
Trend Forecast: Bullish
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