The USD/JPY crawls downwards – Analysis – 16/04/2021

news_22_feb_1_usd_jpy-The USDJPY pair provided negative trades yesterday to move away from 109.22, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our next target extends to 107.70, while achieving it requires holding below 109.22, noting that the EMA50 continues to support the suggested bearish wave.

The expected trading range for today is between 108.00 support and 109.20 resistance

The expected trend for today: Bearish

Origin: Economies

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