The USDJPY hits the first target – Analysis - 28-07-2022

2022-07-28 04:00:46 GMT (Economies.com)
 

The USDJPY pair managed to breach 136.40 level strongly to achieve our first negative target at 135.25 and attempts to break it, reinforcing the expectations of continuing the bearish trend, which targets 134.55 as a next station.

 

The negative effect of the double top pattern still active, taking into consideration that the continuation of the bearish wave requires holding below 136.40.

The expected trading range for today is between 134.50 support and 136.00 resistance

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0336
-0.0106
1.0113%
1.1984
-0.0063
0.5267%
21.229
-0.127
0.595%
78.425
3.996
5.369%
85.12
1.91
2.30%
1751.880
1.405
0.080%
 
 
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