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USD/JPY extends gains - Analysis - 02-08-2023
The USD/JPY pair kept rising in early trading today, amid the dominance of the upward correctional short-term trend alongside the trend line, while buoyed by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the pair, targeting and preparing to tackle the pivotal resistance of 145.00.
Expected trading range for today is between the 141.50 support and the 145.00 resistance.
Expected trend for today: Bullish
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Sterling leans on upward secondary trend line - Analysis - 02-08-2023
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