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The USDJPY price faces solid support – Forecast today - 22-01-2025
The USDJPY price shows some bullish bias after finding solid support at 154.96, waiting to get negative motive that push the price to resume the bearish correction and break the mentioned level to head towards 153.75 as a next main target.
The EMA50 forms continuous negative pressure that supports the continuation of the suggested bearish trend, noting that breaching 156.45 will stop the bearish wave and lead the price to resume the main bullish trend within the main bullish channel that appears on the chart.
The expected trading range for today is between 155.00 support and 156.50 resistance
Trend forecast: Bearish
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