The USDJPY breaks the support lines – Analysis - 05-05-2022

2022-05-05 04:18:25 GMT (Economies.com)
 

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

 
 
 
  Symbol Last Change Chg.%
1.0184
-0.0065
0.6304%
1.2076
-0.0174
1.4233%
19.910
-0.385
1.899%
89.520
-4.144
4.424%
94.92
0.80
0.85%
1773.045
2.745
0.155%
 
 
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