The USDJPY heads towards more bearish correction – Analysis - 23-09-2022

Economies.com
2022-09-23 04:04AM UTC

The USDJPY pair tested the key resistance 142.55 and found solid barrier there, to hint heading to achieve more bearish correction in the upcoming period, waiting to test 140.50 initially, noting that breaking this level will push the price to 138.80 as a next correctional level.

 

Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, noting that breaching 142.55 will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.

Advertistment

The expected trading range for today is between 141.00 support and 142.80 resistance

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Will the US payrolls report pave the way for early Fed interest rate cuts in 2024?
2023-12-08 09:09AM UTC
Markets today await the crucial US payrolls report to gauge the strength of the US labor sector and ...
Forex News

Forex

Dollar resumes gains ahead of US jobs data
2023-12-08 08:53AM UTC
Dollar rose in European trade on Friday against a basket of major rivals, resuming gains and ...
Forex News

Forex

Dollar gives up three-week high ahead of unemployment claims data
2023-12-07 11:30AM UTC
Dollar declined in European trade on Thursday against a basket of major rivals away from three-week ...

Forex Technical Analysis

EUR USD Analysis

Forex

Evening update analysis for the EURUSD 08-12-2023
2023-12-08 15:04PM UTC
The EURUSD pair attempts to break 1.0760 level again, to hint heading to activate the negative ...
NZD USD Analysis

Forex

Midday update for the NZDUSD 08-12-2023
2023-12-08 10:36AM UTC
The NZDUSD pair keeps its stability above 0.6140 level, to continue suggesting the bullish trend ...
AUD USD Analysis

Forex

Midday update for the AUDUSD 08-12-2023
2023-12-08 10:36AM UTC
The AUDUSD pair settles around 0.6610 since morning, waiting to get positive motive that assist to ...