The USDJPY is forced to decline – Analysis - 22-10-2021

2021-10-22 00:02:50 GMT (Economies.com)
 

The USDJPY pair broke 114.10 level strongly and declined to head towards potential test to the bullish channel’s support line around 113.40, making the bearish bias suggested for the upcoming sessions, organized inside the intraday bearish channel that appears on the chart.

 

On the other hand, we should note that breaching 114.10 will provide good positive motive that supports the chances of resuming the main bullish trend without the next to decline.

The expected trading range for today is between 113.40 support and 114.50 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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