The USDJPY resumes the rise – Analysis - 17-03-2022
Economies.com
2022-03-17 04:36AM UTC
The USDJPY pair managed to breach 118.40 level and hold above it, to support the continuation of the bullish trend scenario efficiently in the upcoming sessions, which its next targets extend to 119.90.
The EMA50 continues to support the suggested bullish wave, noting that breaking 118.40 will press on the price to start correctional bearish wave on the intraday basis before turning back to rise again.
The expected trading range for today is between 118.20 support and 119.30 resistance
The expected trend for today: Bullish
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