The USDJPY under the negative pressure – Analysis - 07-06-2023
Economies.com
2023-06-07 04:02AM UTC
The USDJPY pair continues to fluctuate at the key support 139.20, hinting heading to break this level and return to the correctional bearish track again, as it forms double top pattern that its signs appear on the chart, but we prefer to stay aside until the price confirms its situation according to the mentioned level to detect the next destination clearly.
Note that confirming breaking 139.20 will push the price to decline towards 138.20 as a next correctional target, while consolidating above it represents the key to resume the main bullish wave that its next target located at 141.00.
The expected trading range for today is between 138.30 support and 140.00 resistance
The expected trend for today: Neutral
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