The USDJPY awaits the break – Analysis - 18-05-2022
Economies.com
2022-05-18 04:20AM UTC
The USDJPY pair continues to fluctuate within sideways track and find difficulty to break 129.10 level, and the bearish trend scenario still valid as long as 129.60 level remains intact, supported by the negative pressure formed by the EMA50, reminding you that our negative targets start at 128.60 and extend to 127.95.
We remind you that breaching 129.60 will lead the price to regain the main bullish trend again.
The expected trading range for today is between 128.50 support and 129.70 resistance
The expected trend for today: Bearish
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