The USDJPY awaits more decline – Analysis - 10-01-2023
Economies.com
2023-01-10 05:31AM UTC
The USDJPY pair hovers around the main bearish channel’s resistance and attempts to trade below it, falling under negative pressure formed by the EMA50, waiting for more decline to head towards 130.75 followed by 129.50 levels that represent our main negative targets.
Therefore, the negative scenario will remain valid for the upcoming period, noting that holding below 132.20 represents the first condition to continue the suggested bearish wave.
The expected trading range for today is between 130.90 support and 132.60 resistance
The expected trend for today: Bearish
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