The USDJPY hits the extended target – Analysis - 19-08-2022
Economies.com
2022-08-19 04:17AM UTC
The USDJPY pair continued the bullish rally to reach our extended target at 136.40 and settles there, noticing that the price completed forming double bottom pattern that we expect to lead the price to achieve more gains in the upcoming period, and the targets start by breaching the mentioned level and open the way to head towards 137.35 followed by 138.70 levels as next main stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 135.50.
The expected trading range for today is between 135.50 support and 137.10 resistance
The expected trend for today: Bullish
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