The USDJPY loses momentum – Analysis - 17-01-2022
Economies.com
2022-01-17 05:07AM UTC
The USDJPY pair provided clear positive trades in the previous sessions to approach testing the key resistance 114.65, and the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly.
Therefore, we believe that the chances valid to rebound bearishly and resume the correctional bearish trend, which its targets begin by breaking 113.60 to open the way to head towards 112.75, noting that breaching 114.65 will stop the correctional bearish trend and lead the price to regain the main bullish trend again.
The expected trading range for today is between 113.70 support and 114.90 resistance
The expected trend for today: Bearish
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