The USDJPY is forced for some decline – Analysis - 06-01-2022

2022-01-06 05:12:00 GMT (Economies.com)
 

The USDJPY pair provided negative trades yesterday and approached testing the support base formed above 115.50 level, attempting to resume the bullish bias, as it gets continuous positive support by the EMA50.

 

Until now, the bullish trend still valid and active, waiting to visit 116.50 level as a next main target, noting that breaking 115.35 might press on the price to decline towards 114.15 areas before any new attempt to rise.

The expected trading range for today is between 115.30 support and 116.50 resistance

The expected trend for today: Bullish

 
 
 
  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%
 
 
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