The USDJPY presses on the support – Analysis - 25-01-2022
Economies.com
2022-01-25 05:19AM UTC
The USDJPY pair continues to fluctuate around 113.60 level and finds difficulty to break it until now, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to break the mentioned level followed by rallying towards 112.75 that represents the next correctional target.
Therefore, the bearish trend scenario will remain active unless the price rallied to breach 114.65 and hold above it.
The expected trading range for today is between 113.10 support and 114.20 resistance
The expected trend for today: Bearish
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