USD/JPY currency pair analysis

The dollar against the Japanese yen rose to the resistance level of 134.80 in an attempt to return to the bullish path after the bearish wave that was pressing it to decline.

Technical indicators are giving mixed signals in the movement as the stochastic indicator is giving a negative signal while the moving averages are pressuring it to rise.

In general, as long as the price is below the resistance level 134.80, we will continue to suggest the bearish scenario towards the EMA 20 at least

Support: 134.00–132.50–132.00.

Resistance: 1134.80–135.35–136.60.

The forecast general trend for today: bearish.

Author: GC
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