The USDJPY resumes the bearish trend – Analysis - 23-03-2023
Economies.com
2023-03-23 03:07AM UTC
The USDJPY pair bounced downwards strongly after approaching our waited positive target at 133.30, to resume the main bearish track and return to the bearish channel again, opening the way to head towards achieving negative targets that reach 128.90 mainly.
Therefore, we suggest the continuation of the bearish trend domination on the intraday and short term basis, supported by the negative pressure formed by the EMA50, noting that breaching 131.75 will push the price out of the bearish channel to head towards achieving new intraday gains that target testing 133.30 level again.
The expected trading range for today is between 129.80 support and 131.50 resistance
The expected trend for today: Bearish
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