The USDJPY breaks the support – Analysis - 25-05-2022

Economies.com
2022-05-25 04:09AM UTC

The USDJPY pair managed to break 127.40 followed by 126.95 support lines, and closed the daily candlestick below the last level, which supports the continuation of the correctional bearish trend efficiently in the upcoming period, paving the way to head towards our next negative target that reaches 125.00.

 

The EMA50 supports the suggested bearish wave, which will remain valid unless the price rallied to breach 127.40 followed by 128.40 levels and hold above them.

The expected trading range for today is between 126.40 support and 127.70 resistance

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The expected trend for today: Bearish

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