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


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

The expected trend for today: Bearish

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