The USDJPY tests the support base – Analysis - 10-01-2022
Economies.com
2022-01-10 04:52AM UTC
The USDJPY pair tested 115.35 level and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, motivated by stochastic positivity, waiting to visit 116.50 as a next target.
The EMA50 supports the expected rise, noting that breaking 115.35 might press on the price to achieve some bearish correction on the intraday basis before turning back to rise again.
The expected trading range for today is between 115.30 support and 116.50 resistance
The expected trend for today: Bullish
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