The USDJPY is forced for some decline – Analysis - 18-07-2022
Economies.com
2022-07-18 04:15AM UTC
The USDJPY pair shows negative trades to approach the bullish channel’s support line that appears on the chart, noticing that stochastic got rid of its negativity to reach the oversold areas, while the EMA50 keeps providing the positive support to the price.
Therefore, we will continue to suggest the overall bullish trend, which its next main targets located at 139.70 followed by 140.00, noting that the continuation of the bearish bias and breaking 137.25 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 137.60 support and 139.10 resistance
The expected trend for today: Bullish
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