The USDJPY shows intraday bearish correction – Analysis - 13-05-2022
Economies.com
2022-05-13 04:28AM UTC
The USDJPY pair traded with strong negativity yesterday after breaking 129.60 level, to achieve the correctional targets suggested in our last report and reach 127.50 areas, noticing that the price begins today with clear positivity to hint heading to regain the main bullish trend again.
Therefore, we expect to witness more rise today, and breaching 129.60 will lead the price to achieve additional gains that reach 130.25 followed by 131.25, noting that breaking 128.60 will stop the suggested positive scenario and press on the price to suffer more losses in the upcoming period.
The expected trading range for today is between 128.30 support and 129.70 resistance
The expected trend for today: Bullish
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