The USDJPY heads towards the support – Analysis - 23-01-2020
Economies.com
2020-01-23 05:35AM UTC
The USDJPY pair shows negative trades now to approach testing the key support 109.33, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, supported by stochastic entering the oversold areas again, waiting to head towards 110.50 as a first target.
We should note that breaking 109.33 and holding below it will put the price under negative pressure that targets visiting 108.40 before any new attempt to rise.
The expected trading range for today is between 109.00 support and 110.40 resistance
The expected trend for today: Bullish
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