The USDJPY resumes the rise – Analysis - 25-05-2023
Economies.com
2023-05-25 04:04AM UTC
The USDJPY pair traded with clear positivity yesterday to resume the bullish wave, approached our main waited target at 140.00, and the way seems open to surpass this barrier and open the way to achieve more gains on the intraday and short term basis, as the next target reaches 141.00 areas.
Therefore, we are waiting for more rise in the upcoming sessions, supported by the EMA50, noting that breaking 139.15 will stop the bullish wave and push the price to achieve some intraday bearish correction before turning back to rise again.
The expected trading range for today is between 138.90 support and 140.50 resistance
The expected trend for today: Bullish
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