The USDJPY surpasses the first target – Analysis - 02-02-2023
Economies.com
2023-02-02 05:13AM UTC
The USDJPY pair managed to achieve our first waited target at 128.90 and ended yesterday below it, to reinforce the chances of continuing the bearish wave and open the way to achieve more decline that its next target reaches 127.15.
The EMA50 forms continuous negative pressure against the price to support the continuation of the suggested bearish wave, noting that holding below 128.90 represents the first condition to continue the expected decline.
The expected trading range for today is between 127.40 support and 129.20 resistance
The expected trend for today: Bearish
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