The USDJPY begins bearish correction – Analysis - 22-07-2022
Economies.com
2022-07-22 04:08AM UTC
The USDJPY pair broke the bullish channel’s support line clearly and settled below it, to start expected bearish correction on the intraday basis, on its way to visit 136.40 as a first negative station.
Therefore, the bearish bias will be suggested for today supported by moving below the EMA50, noting that breaching 138.40 will stop the suggested bearish correction and push the price back to the main bullish track again.
The expected trading range for today is between 136.60 support and 138.10 resistance
The expected trend for today: Bearish
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