The USDJPY reaches the first target – Analysis - 20-06-2022
Economies.com
2022-06-20 04:24AM UTC
The USDJPY pair rallied upwards strongly on last Friday to reach few pips away from our first main waited target at 135.50, noticing that the price found solid resistance there, to start bouncing bearishly, which makes us suggest witnessing negative trades in the upcoming sessions, targeting testing 133.50 mainly.
Stochastic negativity supports the expected decline, noting that breaching 135.60 will stop the negative scenario and lead the price to continue the rise and head to visit 136.00 barrier initially.
The expected trading range for today is between 134.00 support and 135.50 resistance
The expected trend for today: Bearish
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