The USDJPY breaks the support – Analysis - 02-12-2021
2021-12-02 05:25AM UTC

The USDJPY pair broke 113.07 level again and closed the daily candlestick below it, to head towards achieving more expected bearish correction on the intraday basis, targeting testing 112.30 level as a next station.


Therefore, the bearish bias will be suggested for the upcoming period, taking into consideration that breaching 113.07 and holding above it will stop the expected negative pressure and push the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 112.30 support and 113.60 resistance


The expected trend for today: Bearish



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