The USDJPY surpasses the target – Analysis - 12-04-2022

The USDJPY pair rallied upwards strongly to surpass our waited target at 125.00 and settles above it, opening the way to extend the bullish wave on the short term and medium term basis, on its way to achieve additional gains that reach 126.55.

The EMA50 continues to support the suggested bullish wave, noting that the continuation of the expected rise requires holding above 125.00 and the most important above 124.30.

The expected trading range for today is between 125.00 support and 126.20 resistance

The expected trend for today: Bullish