The USD/JPY provides negative signals – Analysis – 26/07/2023

jy-l4The USDJPY pair settles below 141.40 level, to fall under expected negative pressure in the upcoming sessions, targeting visiting 140.40 followed by 139.17 levels as main stations.

Therefore, the bearish bias will be suggested for today, depending on the price stability below 141.40, as breaching this level represents positive factor that will lead the price to resume the main bullish trend and achieve additional gains that reach 142.90.

The expected trading range for today is between 140.30 support and 141.80 resistance

The expected trend for today: Bearish

Origin: Economies

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