The USDJPY price awaits the breach – Forecast today - 05-04-2024
Economies.com
2024-04-05 01:34AM UTC
USDJPY Price Analysis
Expected Scenario
- The USDJPY price ended yesterday with clear negativity, breaking the ascending triangle’s support line and settling below it.
- This suggests expected negative pressure in the upcoming sessions, with the price likely to test 150.55 as the next negative target.
- The bearish bias will be suggested for today, supported by moving below the EMA50.
- Breaching 151.40 followed by 151.80 will stop the current negative pressure and lead the price to resume the main bullish track again.
Expected Trading Range
- Between 150.40 support and 151.90 resistance.
Trend Forecast: Bearish
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