The USDJPY under the negative pressure – Analysis - 06-07-2022
The USDJPY pair couldn’t manage to hold for long time above the bullish channel’s support line, to break it and settle below it again, which puts the price under the correctional bearish pressure, targeting testing 134.30 initially, noting that breaking this level will extend the bearish wave to reach 132.85 as a next station.
Therefore, the bearish bias will be expected for today unless breaching 136.20 and holding above it.
The expected trading range for today is between 134.40 support and 135.70 resistance
The expected trend for today: Bearish