The USDJPY fails to settle positively – Analysis - 09-01-2023
Economies.com
2023-01-09 05:16AM UTC
The USDJPY pair bounced downwards strongly in the previous sessions to break 133.30 level and return to the main bearish channel again, to resume the bearish track and heads towards achieving negative targets that start at 130.75 and extend to 129.50.
Moving below the EMA50 supports the continuation of the expected decline, while breaching 131.95 will push the price to test 133.30 again before any new negative attempt.
The expected trading range for today is between 130.50 support and 132.30 resistance
The expected trend for today: Bearish
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