The USD/JPY awaits the break – Analysis – 24/01/2022

jy-l6The USDJPY pair settles near 113.60 level, waiting to resume the bearish bias to break this level and open the way to visit 50% Fibonacci correction level at 112.75.

The EMA50 forms continuous negative pressure against the price to support the expected decline, which will remain valid as long as 114.65 level remains intact.

The expected trading range for today is between 113.10 support and 114.30 resistance

The expected trend for today: Bearish

Origin: Economies

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