The USDJPY continues to test the resistance – Analysis - 03-04-2023

Economies.com
2023-04-03 01:39AM UTC

The USDJPY pair keeps fluctuating around 133.30 level, keeping its stability below it until now, to continue suggesting the expected bearish trend on the intraday basis, waiting to get negative motive that assists to push the price to achieve our targets that start at 131.60 and extend to 130.40.

 

Breaking 132.60 will reinforce the expectations to decline and head to achieve the waited targets, while breaching 133.30 will stop the bearish trend and push the price to build bullish wave on the intraday and short term basis.

The expected trading range for today is between 132.30 support and 133.90 resistance

The expected trend for today: Bearish

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