The USDJPY price resumes the rise – Forecast today - 01-05-2024
Economies.com
2024-05-01 03:46AM UTC
USDJPY Price Analysis
Expected Scenario
- The USDJPY price traded with clear positivity to reach the thresholds of the first waited positive target at 158.20, confirming regaining the main bullish track after the temporary bearish correction that it witnessed in the previous sessions, and we suggest the continuation of the rise to achieve additional gains that reach 160.00.
- The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 155.50 and holding below it.
Expected Trading Range
Between 157.00 support and 159.00 resistance.
Trend Forecast: Bullish
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