The USDJPY surpasses the first extended targets – Analysis - 01-08-2022
Economies.com
2022-08-01 04:16AM UTC
The USDJPY pair continued to decline to manage to achieve our first extended target at 133.00, opening today with additional decline to surpass this level and confirm the continuation of the correctional bearish trend domination, and the way is open to visit 131.55 that represents the next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 133.00 followed by 134.55 levels will stop the suggested negative scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 131.70 support and 133.30 resistance
The expected trend for today: Bearish
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