The USDJPY presses on the support – Analysis - 01-07-2022
Economies.com
2022-07-01 03:50AM UTC
The USDJPY pair opens today negatively to press on the bullish channel’s support line that appears on the chart, which hints heading to achieve new bearish correction, targeting testing 134.30 initially.
Therefore, the bearish bias will be expected for today, taking into consideration that the consolidation of the current support against the negative pressure will stop the suggested negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 134.50 support and 136.00 resistance
The expected trend for today: Bearish
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