The USDJPY attempts to recover – Analysis - 27-01-2023

Economies.com
2023-01-27 05:01AM UTC

The USDJPY pair returned to rise yesterday to attack 129.80 level, noticing that stochastic provides clear negative signals on the four hours’ time frame, which encourages us to suggest the bearish bias for today, and the targets start by breaking 128.90 to confirm extending the bearish wave towards 127.20.

 

On the other hand, we should note that breaching 130.50 will stop the suggested negative scenario and lead the price to achieve new gains on the intraday basis.

The expected trading range for today is between 128.90 support and 130.70 resistance

The expected trend for today: Bearish

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