The USDJPY hits the first target – Analysis - 25-07-2022

2022-07-25 03:49:38 GMT (Economies.com)
 

The USDJPY pair succeeded to achieve our first waited target at 136.40 and broke it to close the daily candlestick below it, which supports the continuation of the bearish correction domination in the upcoming period, paving the way to head towards 134.90 followed by 134.55 levels as next negative stations.

 

Therefore, we will continue to suggest the bearish trend on the intraday basis, taking into consideration that stepping above 136.40 and holding above it will lead the price to start recovery attempts and regain the main bullish trend again.

The expected trading range for today is between 135.40 support and 136.70 resistance

Open Live Trading Account

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%
 
 
Live Forex Updates