The USDJPY price needs the positive momentum – Forecast today - 12-04-2024
Economies.com
2024-04-12 03:31AM UTC
USDJPY Price Analysis
Expected Scenario
- The USDJPY price has been trading sideways in the previous sessions, settling above the 153.00 barrier.
- Waiting for positive momentum to push the price to resume the bullish wave, with the next target at 154.10.
- We continue to suggest the bullish trend on the intraday and short-term basis, organized inside the bullish channels visible on the chart.
- It is important to hold above 151.85 to guarantee the continuation of the suggested bullish wave.
The expected trading range for today is between 152.40 support and 154.00 resistance.
Trend Forecast
Bullish
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