The USDJPY gets a negative signal – Analysis - 26-07-2022

2022-07-26 03:04:21 GMT (Economies.com)
 

The USDJPY pair hovers around 136.40 level since yesterday, noticing that stochastic provides negative overlapping signal now, waiting to motivate the price to resume the negative trades and head towards our next targets that start at 135.00 and extend to 134.55.

 

Therefore, our bearish overview will remain valid and active, depending on the completion of the double top pattern, noting that breaching 137.30 will stop the negative effect of this pattern and lead the price to recover again.

The expected trading range for today is between 135.60 support and 136.90 resistance

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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