The USDJPY surpasses the target – Analysis - 04-01-2022
Economies.com
2022-01-04 05:16AM UTC
The USDJPY pair managed to surpass our waited target at 115.50 and settles above it now, which supports the extension of the bullish wave on the intraday and short term basis, opening the way to visit 116.50 as a next station.
The EMA50 continues to support the price from below, reinforcing the expectations of continuing the bullish trend, noting that holding above 115.00 is important to achieve the waited targets.
The expected trading range for today is between 115.20 support and 116.50 resistance
The expected trend for today: Bullish
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