The USDJPY touches the first target – Analysis - 20-03-2023
Economies.com
2023-03-20 04:33AM UTC
The USDJPY pair managed to touch our first waited target at 131.60, and continues to move within the bearish channel that appears on the chart, which supports the chances of continuing the decline towards our next target that reaches 130.50.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 133.30 will stop the expected decline and lead the price to start new bullish wave.
The expected trading range for today is between 131.20 support and 132.90 resistance
The expected trend for today: Bearish
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