The USDJPY resumes the rise – Analysis - 06-06-2022
Economies.com
2022-06-06 04:25AM UTC
The USDJPY pair traded with clear positivity in the previous sessions to approach our waited target at 131.35, moving within intraday bullish channel that supports the chances of surpassing the mentioned level to achieve additional positive targets on the intraday and short term basis.
Therefore, we will continue to suggest the bullish trend that gets continuous support by the EMA50, noting that breaking 130.20 might force the price to achieve some temporary bearish correction before turning back to rise again.
The expected trading range for today is between 130.00 support and 131.35 resistance
The expected trend for today: Bullish
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