Category: Forex News, News
USD/JPY price extends gains – Forecast today
The USD/JPY pair kept rising in latest intraday trading, while boosted by moving within an ascending correctional price channel in the short term, as the price settles above 150.00, underpinning the positive scenario, with ongoing positive support due to trading above the 50-candle SMA.
However, the price is about to finish a negative harmonic pattern in the short term, the Gartley pattern, while the Stochastic reached overbought levels, thus requiring caution when testing the upcoming resistance to look for any signs of reversal.
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