The USDJPY activates the negative scenario – Analysis - 21-01-2021
Economies.com
2021-01-21 05:00AM UTC
The USDJPY pair broke 103.65 level clearly and closed the daily candlestick below it, to activate the bearish trend scenario on the intraday basis, opening the way to achieve negative targets that start at 102.50.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 103.65 followed by 103.95 levels and hold above them.
The expected trading range for today is between 102.70 support and 104.00 resistance
The expected trend for today: Bearish
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