The USDJPY tests the support – Analysis - 17-05-2022
Economies.com
2022-05-17 04:01AM UTC
The USDJPY pair finds solid support at 129.10, to hinder the mission to decline, while the EMA50 forms continuous negative pressure against the price, to keep our bearish overview that targets 128.60 followed by 127.95 levels mainly.
On the other hand, we should note that breaching 129.60 will stop the expected decline and push the price to return to the main bullish trend again.
The expected trading range for today is between 128.50 support and 129.70 resistance
The expected trend for today: Bearish
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