The USDJPY suffers new losses – Analysis - 20-05-2022
Economies.com
2022-05-20 04:27AM UTC
The USDJPY pair faced new negative pressure yesterday to break 127.95 level and reach the recently recorded low at 126.95, facing contradicted technical factors that make us prefer to stay aside until we get clearer signal for the next trend, which we will get through breaching one of the mentioned levels.
Note that breaching 127.95 resistance will lead the price to start new bullish wave that targets testing 128.60 followed by 129.10 levels initially, while breaking 126.95 support will force the price to decline again to head towards 126.00 areas mainly.
The expected trading range for today is between 127.30 support and 128.60 resistance
The expected trend for today: Neutral
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