The USDJPY heads towards the support – Analysis - 01-02-2022
Economies.com
2022-02-01 05:33AM UTC
The USDJPY pair faces negative pressure now, to head towards potential test to the key support 114.65, noticing that the EMA50 meets this support to add more strength to it, while stochastic reaches the oversold areas.
Therefore, these factors encourage us to keep our overall bullish overview, which its next target located at 116.35, while holding above 114.65 represents key condition for its continuation.
The expected trading range for today is between 114.40 support and 115.60 resistance
The expected trend for today: Bullish
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