The USDJPY achieves intraday gains – Analysis - 07-01-2021

2021-01-07 05:40:37 GMT (Economies.com)
 

The USDJPY pair traded with clear positivity yesterday and attempted to surpass the EMA50, but it returns to decline and settles below it, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the main bearish trend, which targets 102.50 followed by 102.15 levels as next main stations.

 

Therefore, we will keep our bearish overview unless the price rallied to bread 103.65 level and hold above it.

The expected trading range for today is between 102.50 support and 103.65 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1938
0.0036
0.2987%
1.3921
0.0027
0.1976%
Tadawul
10919.68
6.62
0.06%
25.995
0.006
0.025%
73.571
1.745
2.429%
75.56
0.32
0.43%
1776.540
-1.850
0.104%
 
 
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