The USDJPY tests the support base – Analysis - 09-08-2022

Economies.com
2022-08-09 04:21AM UTC

The USDJPY pair tests 134.50 level and keeps its stability above it, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the expected bullish wave for the upcoming period, which its next target located at 136.40.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 134.50 and holding below it.

The expected trading range for today is between 134.30 support and 135.75 resistance

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The expected trend for today: Bullish

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