The USDJPY tests the channel’s support line – Analysis - 28-02-2024
Economies.com
2024-02-28 04:18AM UTC
The USDJPY pair fluctuates at the bullish channel’s support line that appears on the chart, and the EMA50 meets this support to add more strength to it, waiting to resume the expected bullish wave on the intraday and short-term basis, which its next target located at 151.70.
The continuation of the bullish wave depends on the price stability above 150.15, reminding you that breaking it will put the price under correctional bearish pressure that its first target located at 148.40.
The expected trading range for today is between 149.80 support and 151.30 resistance
The expected trend for today: Bullish
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