Market Analytics and Considerations
Key Points
USD/JPY at the moment: 137.646
It appears like the bulls are unable to gather enough strength to maintain the upward rise in the early going of today’s trading period. The pair would go to the next area at about 139.00 if the resistance at 137.65 was confirmed to have been broken. The support at 134.00 will be the next target for the sellers if they enter the market again and successfully break support at 135.80. As a result, predictions for today’s trading session are for the reliable basis at 135.80 to be tried, where a successful breach would enhance the negative estimates for a slide towards the next support at 133.00. The upward advance we have seen may be called a corrective one.
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