The USDJPY tests the support base – Analysis - 08-09-2023
2 weeks ago

The USDJPY pair tested the key support 146.55 and bounced bullishly from there, to settle above 147.00 barrier again, which keeps the bullish trend scenario valid and active for the upcoming period, motivated by stochastic positivity that appears clearly now, waiting to head towards our next target at 148.40.


The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 146.55 and holding below it.



The expected trading range for today is between 146.55 support and 148.10 resistance


The expected trend for today: Bullish

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