The USDJPY achieves new gains – Analysis - 23-01-2023

Economies.com
2023-01-23 04:26AM UTC

The USDJPY pair breached 128.90 again to rally upwards and touch 130.60 level, noticing that the price returns to decline after recording new lower high, to hint the continuation of the overall bearish trend domination, and the price needs to break 128.90 and trade below it again to reactivate the main negative scenario and head towards 127.10 areas initially.

 

Therefore, we expect to witness bearish bias in the upcoming sessions conditioned by the price stability below 130.35.

The expected trading range for today is between 128.20 support and 130.00 resistance

The expected trend for today: Bearish

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