The USDJPY tests the resistance – Analysis - 31-01-2023
Economies.com
2023-01-31 04:48AM UTC
The USDJPY pair provided positive trades to test the key resistance 130.50, and begins today with slight bearish bias in attempt to resume the negative trades, motivated by the negative signal that appears clearly on stochastic.
Therefore, we will keep our bearish overview until now, reminding you that our first target is located at 128.90, while breaching 130.50 will push the price to achieve intraday gains that start by testing 131.35 level.
The expected trading range for today is between 129.25 support and 131.00 resistance
The expected trend for today: Bearish
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