The USDJPY price rises again – Forecast today - 22-04-2024
Economies.com
2024-04-22 03:42AM UTC
USDJPY Price Analysis
Expected Scenario
- The USDJPY price bounced upwards clearly after testing the intraday bullish channel’s support line, indicating a resumption of the main bullish trend.
- The price is testing the recently recorded historical high at 154.78 and attempts to breach it.
- Confirming the breach will push the price towards 156.00 areas as a next positive station.
- Breaking 153.85 will stop the expected rise and push the price to achieve some intraday bearish correction.
Expected Trading Range
Between 154.00 support and 155.60 resistance.
Trend Forecast: Bullish
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