The USDJPY attempts negatively – Analysis - 12-09-2023

Economies.com
2023-09-12 03:58AM UTC

The USDJPY pair provided clear negative trades yesterday to break 146.55 level and reach 145.90, but it returns to fluctuate around the first level, affected by stochastic positivity that loses the positive momentum clearly now, noticing that the EMA50 forms negative pressure against the price.

 

Therefore, these factors encourage us to suggest resuming the negative attempts in the upcoming sessions, reminding you that our next main target is located at 145.55, while breaching 146.90 will stop the expected decline and lead the price to resume the main bullish track again.

 

The expected trading range for today is between 145.80 support and 147.40 resistance

 

The expected trend for today: Bearish

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