The USDJPY attempts to recover – Analysis - 27-01-2022
Economies.com
2022-01-27 05:26AM UTC
The USDJPY pair bounced upwards strongly yesterday after consolidating above 113.60 level, to test the key resistance 114.65 and attempts to breach it, which hints heading to regain the main bullish trend, but it faces negative pressure formed by stochastic, to stay neutral until the price confirms its situation according to the mentioned resistance.
Note that breaching 114.65 will push the price to achieve additional gains that target 116.35 areas on the near term basis, while consolidating below it will press on the price to decline again and visit 113.60 initially.
The expected trading range for today is between 114.00 support and 115.40 resistance
The expected trend for today: Neutral
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