USDJPY price declined in last intraday trading, expected to continue downward trend
Critical support level at 145.85, with trading range between 146.60 support and 148.00 resistance
Forecast for today is bearish, with expectations of decline in prices in upcoming intraday trading
The (USDJPY) price declined in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, forming dynamic resistance that prevents the price recovery on the near-term basis, especially with its affection by breaking a main bullish trend line on the short-term, with the emergence of the negative signals on the (RSI), after reaching overbought levels.
Therefore, our expectations suggest a decline in the (USDJPY) prices in the upcoming intraday trading, if 148.00 resistance settles, to target the critical support level at 145.85.
The expected trading range is between 146.60 support and 148.00 resistance.
Today’s forecast: Bearish
