The USDJPY is forced for some decline – Analysis - 21-04-2022
Economies.com
2022-04-21 01:32AM UTC
The USDJPY pair traded with clear negativity yesterday after breaking 128.60 level, to achieve some temporary bearish correction, noticing that stochastic provides clear positive signals now, waiting to motivate the price to resume the main bullish trend, which its next target located at 130.00.
Note that breaking 127.50 will push the price for additional decline that targets testing the bullish channel’s support line around 126.70 before any new attempt to rise.
The expected trading range for today is between 127.40 support and 128.70 resistance
The expected trend for today: Overall bullish
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