The USDJPY within tight track – Analysis - 19-07-2022
1 year ago

The USDJPY pair fluctuates within tight track since yesterday, settling around 138.00 level now, while the EMA50 meets the bullish channel’s support line to protect trading inside it, to keep the bullish trend scenario active for the upcoming period, motivated by stochastic positivity, waiting to resume the bullish bias that targets 139.70 – 140.00 levels mainly, while holding above 137.50 represents key condition to achieve these targets.

The expected trading range for today is between 137.50 support and 139.00 resistance


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The expected trend for today: Bullish

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