The USDJPY consolidates below the resistance – Analysis - 03-02-2023
Economies.com
2023-02-03 05:21AM UTC
The USDJPY pair settles below the resistance line formed at 128.90, noticing that stochastic loses its positive momentum clearly, while the EMA50 forms negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend that its next target located at 127.15, reminding you that it is important to hold below 128.90 to achieve the waited targets.
The expected trading range for today is between 127.60 support and 129.20 resistance
The expected trend for today: Bearish
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