The USDJPY rebounds bearishly – Analysis - 05-07-2021
Economies.com
2021-07-05 04:11AM UTC
The USDJPY pair bounced downwards clearly after finding solid resistance at 111.70, and according to the trading rules inside the channels, the price is on its way to achieve additional decline that targets visiting 110.15 before turning back to rise again.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 111.70 and hold above it.
The expected trading range for today is between 110.50 support and 111.70 resistance
The expected trend for today: Bearish
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