The USDJPY under the negative pressure – Analysis - 11-08-2022
Economies.com
2022-08-11 04:01AM UTC
The USDJPY pair broke 134.50 level strongly and declined to attack the next support at 133.00, to hint heading to achieve additional bearish correction in the upcoming sessions, targeting visiting 131.55 as a next negative station.
Therefore, we expect to witness more expected decline on the intraday basis unless the price rallied to breach 134.50 and hold above it again.
The expected trading range for today is between 132.50 support and 133.90 resistance
The expected trend for today: Bearish
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