The USDJPY achieves the first negative target – Analysis - 04-12-2020

2020-12-04 05:19:27 GMT (Economies.com)
 

The USDJPY pair traded with strong negativity yesterday to succeed achieving our first waited target at 103.65, waiting for more decline to break this level and confirm extending the bearish wave towards 103.00 as a next negative station.

 

Therefore, the bearish trend scenario will remain expected for the upcoming period, noting that it is important to hold below 104.76 to continue the suggested decline.

The expected trading range for today is between 103.00 support and 104.50 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2062
0.0009
0.0705%
1.3895
0.0001
0.0040%
Tadawul
10228.35
-26.53
0.26%
27.309
0.790
2.979%
64.800
0.890
1.393%
68.12
-0.83
1.20%
1814.485
24.900
1.391%
 
 
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