The USDJPY within tight track – Analysis - 30-05-2022
Economies.com
2022-05-30 03:52AM UTC
The USDJPY pair keeps its stability below 127.40 level, to keep the negative pressure valid on the intraday and short term basis, noticing that stochastic provides negative signals now, waiting to motivate the price to resume the correctional bearish trend that targets 125.00 as a next main station.
In general, the negative scenario will remain valid conditioned by the price stability below 127.40.
The expected trading range for today is between 126.30 support and 127.50 resistance
The expected trend for today: Bearish
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