USDJPY Price Analysis
Expected Scenario
The USDJPY price ended yesterday with clear negativity, breaking the ascending triangle’s support line and settling below it.
This suggests expected negative pressure in the upcoming sessions, with the price likely to test 150.55 as the next negative target.
The bearish bias will be suggested for today, supported by moving below the EMA50.
Breaching 151.40 followed by 151.80 will stop the current negative pressure and lead the price to resume the main bullish track again.
Expected Trading Range
Between 150.40 support and 151.90 resistance.
Trend Forecast: Bearish
Origin: Economies
