The USD/JPY heads towards the negative target – Analysis – 10/05/2021

jpyThe USDJPY pair declined clearly to move away from 109.22 level, reinforcing the expectations of continuing the bearish trend in the upcoming period, and the way is open to head towards 107.70 that represents our main target.

The EMA50 presses negatively on the price to support the expectations to decline, which will remain valid unless we witnessed clear breach to 109.22 level and holding above it.

The expected trading range for today is between 107.70 support and 109.00 resistance

The expected trend for today: Bearish

Origin: Economies

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