The USDJPY begins with strong negativity – Analysis - 26-11-2021
Economies.com
2021-11-26 05:11AM UTC
The USDJPY pair opens today’s trading with strong negativity to attack 114.70 level, which hints that the price is on its way for potential test to the bullish channel’s support line around 114.00 before turning back to rise again, making the bearish bias suggested temporarily, waiting to resume the main bullish wave after testing the mentioned support.
Note that breaking 114.00 will stop the positive scenario and press on the price to achieve bearish correction for the bullish wave that started from 109.12 areas to this week recorded high.
The expected trading range for today is between 114.00 support and 115.30 resistance
The expected trend for today: Bearish temporarily
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