The USDJPY retests the neckline – Analysis - 27-07-2022
Economies.com
2022-07-27 03:48AM UTC
The USDJPY pair shows bullish bias to retest the broken neckline of the double top pattern at 137.30, accompanied by stochastic loss to the positive momentum, while the EMA50 meets the mentioned level to add more strength to this resistance.
Therefore, these factors encourage us to continue suggesting the domination of the correctional bearish trend for the upcoming sessions, and the targets begin by surpassing 136.40 to open the way to head towards 135.25 followed by 134.55, reminding you that it is important to hold below 137.30 to achieve these targets.
The expected trading range for today is between 136.10 support and 137.50 resistance
The expected trend for today: Bearish
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