The USDJPY reaches the extended target – Analysis - 01-12-2022
Economies.com
2022-12-01 04:05AM UTC
The USDJPY pair decline strongly to succeed achieving our extended target at 136.50 and presses negatively on it, which encourages us to suggest the continuation of the bearish trend in the upcoming sessions, supported by the EMA50 that presses negatively on the price, to head towards visiting 135.25 areas as a next main station.
Therefore, the bearish bias will be suggested on the intraday and short term basis, noting that breaching 137.45 will lead the price to start recovery attempts and achieve intraday gains before any new attempt to decline.
The expected trading range for today is between 135.60 support and 137.45 resistance
The expected trend for today: Bearish
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