The USDJPY approaches the target – Analysis - 07-02-2023
Economies.com
2023-02-07 04:38AM UTC
The USDJPY pair approached our waited target at 133.30 and begins to rebound bearishly from there, accompanied by witnessing clear negative signals through stochastic, which puts the price under expected negative pressure in the upcoming sessions, to head towards visiting 131.20 followed by 130.30 levels as initial negative stations.
Therefore, we expect to witness negative trades in the upcoming sessions unless the price rallied to breach 133.30 and hold above it.
The expected trading range for today is between 131.20 support and 133.00 resistance
The expected trend for today: Bearish
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