The USDJPY presses on the support – Analysis - 11-09-2023

Economies.com
2023-09-11 04:12AM UTC

The USDJPY pair approached 148.00 barrier on last Friday, but it begins today with clear decline to start pressing on the key support 146.55, to head towards achieving expected decline in the upcoming sessions, motivated by stochastic negativity that appears clearly now, to head towards starting bearish correction that targets testing 145.55 initially.

 

Therefore, the bearish bias will be suggested for today, noting that the consolidation of 146.55 level against the current negative pressure will lead the price to rise again and achieve gains that start by visiting 148.44 areas.

 

The expected trading range for today is between 144.80 support and 147.20 resistance

 

The expected trend for today: Bearish

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