Analysis of the USDJPY Negativeefforts -12-09-2023

The USD/JPY pair offered blatantly bearish trades yesterday to break the 146.55 level and reach 145.90, but it has since returned to oscillate near the first level due to stochastic positivity, which has now obviously lost its positive momentum as the EMA50 creates negative pressure on the market.

Due to these considerations, we recommend resuming the negative attempts in the forthcoming sessions. We also want to remind you that our next major objective is at 145.55, and that if we breach that level, the price will stop falling as projected and resume moving up.

Today's trading range is anticipated to be between the 145.80 support and the 147.40 resistance.

Today's anticipated trend is bearish.