The USDJPY breaks the support lines – Analysis - 05-05-2022
Economies.com
2022-05-05 04:18AM UTC
The USDJPY pair traded with strong negativity yesterday to break 129.10 level and attempts to hold below it, which puts the price under more expected negative pressure in the upcoming sessions, targeting heading towards 128.60 followed by 127.95 areas as next main stations.
Therefore, we expect to witness more decline on the intraday basis, taking into consideration that breaching 130.25 will stop the expected negative pressure and lead the price to regain the main bullish trend again.
The expected trading range for today is between 128.60 support and 129.80 resistance
The expected trend for today: Bearish
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