The USDJPY price awaits more rise – Forecast today - 17-04-2024
Economies.com
2024-04-17 03:34AM UTC
USDJPY Price Analysis
Expected Scenario
- The USDJPY price settles around 154.60 level and continues to move inside the bullish channels, supporting the chances of continuing the bullish trend in the upcoming period, with an anticipation to visit 156.00 as the next main target.
- The EMA50 keeps supporting the price from below, waiting to gather positive momentum to add more confirmation to the continuation of the expected bullish wave. Note that breaking 153.90 will put the price under intraday negative pressure to head towards testing the intraday bullish channel’s support line around 152.80 before any new attempt to rise.
Expected Trading Range
Between 153.80 support and 155.50 resistance.
Trend Forecast: Bullish
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