The USDJPY activates the correctional bearish scenario – Analysis - 02-06-2023
Economies.com
2023-06-02 03:55AM UTC
The USDJPY pair broke 139.20 level clearly and settled below it, to start bearish correction for the rise that started from 133.74 areas, on its way to test 138.20 level initially, noting that breaking this level will push the price to 137.30 as a next negative station.
Therefore, the bearish bias will be suggested for today unless breaching 139.20 and holding above it again, as breaching this level represents positive factor that will motivate the price to attempt to resume the main bullish trend again.
The expected trading range for today is between 137.80 support and 139.45 resistance
The expected trend for today: Bearish
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