The USDJPY attempts to recover – Analysis - 07-07-2022
Economies.com
2022-07-07 04:08AM UTC
The USDJPY pair provided positive trades yesterday to test 136.00 barrier, and begins to decline by today’s open, supported by stochastic loss to the positive momentum clearly, waiting for more bearish bias to visit 134.30 that represents our main negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 136.20 followed by 136.70 levels and holding above them.
The expected trading range for today is between 134.90 support and 136.30 resistance
The expected trend for today: Bearish
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