The USDJPY attempts to recover – Analysis - 03-08-2022

2022-08-03 03:53:07 GMT (Economies.com)
 

The USDJPY pair rallied upwards strongly yesterday to breach 131.55 and reach 133.05, noticing that the price begins today with clear negativity, affected by stochastic negativity, besides the negative pressure formed by the EMA50, which encourages us to suggest the bearish bias in the upcoming sessions, waiting to test 131.55 initially.

 

Consolidating below 133.05 is required to reinforce the expectations to decline, as failing to hold below it will lead the price to achieve new gains and head towards 134.50 as a next positive station.

The expected trading range for today is between 132.30 support and 133.70 resistance

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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