The USDJPY faces solid support – Analysis - 29-10-2021

2021-10-29 04:46:06 GMT (Economies.com)
 

The USDJPY pair finds solid support at 113.40, as it continues to fluctuate around it, noting that the EMA50 keeps pressing negatively on the price, waiting to confirm breaking the mentioned level to open the way to rally towards our next negative target that reaches 112.56.

 

Therefore, we will keep our bearish overview that depends on the formation of the double top pattern, noting that the continuation of the bearish wave requires holding below 114.05.

The expected trading range for today is between 112.80 support and 114.00 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0378
-0.0063
0.6076%
1.2025
-0.0023
0.1879%
21.221
-0.135
0.632%
78.559
4.130
5.549%
85.10
1.89
2.27%
1752.195
1.720
0.098%
 
 
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