The USDJPY consolidates above the support – Analysis - 20-07-2022
Economies.com
2022-07-20 04:11AM UTC
The USDJPY pair tested the bullish channel’s support line and kept its stability above it until now, as the EMA50 continues to carry the price from below, waiting to rise again to achieve our next positive targets around 139.70 and 140.00.
On the other hand, note that breaking 137.50 will stop the suggested rise and press on the price to start correctional bearish wave on the intraday basis before any new positive attempt.
The expected trading range for today is between 137.50 support and 139.00 resistance
The expected trend for today: Bullish
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