USD/JPY Steady Over 147.800 Support – Quick Update on USD/JPY Signal

The USD/JPY pair breached and settled above the 147.17 barriers, beginning today with another climb to reaffirm the direction of recovery

Skerdian Meta•Monday, October 31, 2022•1 min read

The USD/JPY pair breached and settled above the 147.17 barriers, beginning today with another climb to reaffirm the direction of recovery and attempt to retake the major bullish trend on its path to gains that begin at 149.25 and extend to 150.

USD/JPY

As a result, a bullish bias will be indicated for today, backed by a move above the EMA50, with the caveat that a breach of 147.17 will end the positive scenario and return the price to the correcting bearish pressure.

Today’s trading range is likely between 147.40 support and 149.00 resistance.

Today’s projected trend: Bullish

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.