The USDJPY keeps achieving the negative targets – Analysis - 02-12-2022
Economies.com
2022-12-02 05:11AM UTC
The USDJPY pair broke 136.50 level strongly to reach our new waited target at 135.25 direct, falling under more negative pressure that supports the chances of continuing the domination of the bearish trend, as we expect to head towards 133.90 followed by 132.75 levels as next negative targets.
Therefore, we are waiting for more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 136.50.
The expected trading range for today is between 134.00 support and 136.00 resistance
The expected trend for today: Bearish
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