The USDJPY breaks the support – Analysis - 30-03-2022

Economies.com
2022-03-30 03:55AM UTC

The USDJPY pair broke 122.62 level strongly to confirm the continuation of the correctional bearish trend, opening the way to head towards 121.10 that represents our next negative target.

 

Therefore, the bearish trend will remain expected for the upcoming sessions, affected by the previously completed double top pattern, noting that the continuation of the expected decline depends on the price stability below 122.62.

The expected trading range for today is between 121.10 support and 122.40 resistance

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
EUR/USD news

Forex

Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex News

Forex

Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price trades with clear negativity to ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price is facing additional negative ...
GBP USD Analysis

Forex

The GBPUSD forecast update 30-04-2024
2024-04-30 09:23AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades negatively now to confirm ...