The USDJPY hits the first target – Analysis - 21-01-2022
Economies.com
2022-01-21 05:19AM UTC
The USDJPY pair succeeded to achieve our first waited target at 113.60 and settles near it, and we expect to surpass this level to extend the bearish wave towards 112.75 as a next correctional station.
Therefore, we will continue to suggest the bearish trend on the intraday basis, supported by the EMA50 that presses negatively on the price, noting that breaching 114.65 will stop the current negative pressure and lead the price to regain the main bullish trend again.
The expected trading range for today is between 113.00 support and 114.30 resistance
The expected trend for today: Bearish
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