The USDJPY achieves some gains – Analysis - 25-06-2020
Economies.com
2020-06-25 04:34AM UTC
The USDJPY pair provided clear positive trades yesterday after finding solid support at 106.44, to head towards potential test to the key resistance 107.68, noticing that stochastic loses its positive momentum and enters the overbought areas, which supports the chances of bouncing bearishly to resume the main bearish trend.
Therefore, we suggest the continuation of the overall bearish trend in the upcoming period unless breaching 107.68 and holding above it, noting that the targets of the bearish wave begin at 106.44 and extend to 105.20 after surpassing the previous level.
The expected trading range for today is between 106.44 support and 107.80 resistance
The expected trend for today: Bearish
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