The USDJPY completes negative pattern – Analysis - 26-01-2023
Economies.com
2023-01-26 05:11AM UTC
The USDJPY pair provided clear negative trades yesterday to break the minor bullish channel’s support line that appears on the chart, which forms bearish flag pattern that supports the chances of the return to the main bearish track, and it needs to break 128.90 to confirm the continuation of the decline and achieve negative targets that start by visiting 127.20 areas.
Therefore, we expect to witness more decline in the upcoming sessions unless breaching 129.80 and holding above it.
The expected trading range for today is between 128.00 support and 129.80 resistance
The expected trend for today: Bearish
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