The USD/JPY under the negative pressure – Analysis – 13/01/2021

jpy_1_newsThe USDJPY pair traded with strong negativity yesterday to break 104.10 and reach the most important support 103.65, starting today with additional decline to attack this level and trade below it now, which pushes the price to achieve more negative trades and return to the main bearish track again, on its way to visit 102.50 that represents the next negative target.

Therefore, the bearish bias will be expected for the upcoming sessions, taking into consideration that breaching 104.10 will stop the current negative pressure and push the price to turn to rise.

The expected trading range for today is between 102.90 support and 104.10 resistance

The expected trend for today: Bearish

Origin: Economies

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