The USD/JPY breaks the support – Analysis – 07/05/2021

news_22_feb_1_usd_jpy-The USDJPY pair broke 109.22 level and settled below it, to fall under expected negative pressure in the upcoming sessions, targeting visiting 107.70 level as a next main station.

The price needs to break 109.00 to confirm opening the way to head towards the mentioned target, while the expected decline will remain valid unless breaching 109.22 and holding above it again.

The expected trading range for today is between 108.30 support and 109.50 resistance

The expected trend for today: Bearish

Origin: Economies

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