The USDJPY breaks the key support – Analysis - 16-01-2023

Economies.com
2 weeks ago

The USDJPY pair broke 128.90 level strongly to approach our new waited target at 126.95, and we believe that the way is open to achieve more decline on the longer term basis to head towards more negative targets that reach 125.50 followed by 123.45.

 

Therefore, we are waiting for more bearish bias in the upcoming sessions conditioned by the price stability below 128.90.

The expected trading range for today is between 126.00 support and 128.00 resistance

The expected trend for today: Bearish

Forex and Currency News

Forex Technical Analysis