The USDJPY breaks the channel’s support – Analysis - 04-07-2022

2022-07-04 03:55:55 GMT (Economies.com)
 

The USDJPY pair trades below the bullish channel’s support line, reinforcing the expectations of continuing the bearish trend on the intraday basis, waiting to visit 134.30 as a first station, noting that breaking this level will extend the bearish wave to target 132.85 as a next negative station.

 

On the other hand, we should note that breaching 135.60 and holding above it will push the price back to the bullish track to head towards testing 136.70 initially.

The expected trading range for today is between 134.30 support and 135.60 resistance

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9693
0.0038
0.3884%
1.0814
-0.0007
0.0610%
18.846
-0.012
0.066%
81.905
2.611
3.293%
89.32
3.00
3.48%
1655.865
10.505
0.638%
 
 
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