The USD/JPY declines calmly – Analysis – 25/05/2021

jpy_2_newsThe USDJPY pair shows slight negative trades to move away gradually from the broken support of the bullish channel, to keep the bearish trend scenario valid and active for the upcoming period, supported by the EMA50, waiting to visit 107.68 that represents our main target, reminding you that it is important to hold below 109.22 to continue the expected decline.

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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