The USDJPY breaks the support – Analysis - 27-01-2020
Economies.com
2020-01-27 05:51AM UTC
The USDJPY pair broke 109.33 level clearly and settled below it, which puts the price under expected negative pressure on the intraday basis, on its way to test 108.40 level mainly.
Note that it is important to monitor the price when reaching the mentioned level, as holding against the negative pressure will push the price to resume trading inside the bullish channel that appears on the chart, to head towards achieving positive targets that start at 109.33 followed by 110.50, while breaking it will press on the price to suffer more losses and target 107.45 level as a next negative station.
The expected trading range for today is between 108.40 support and 109.70 resistance
The expected trend for today: Bearish
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