The USDJPY approaches the first target – Analysis - 10-02-2021

2021-02-10 04:45:49 GMT (Economies.com)
 

The USDJPY pair continued to decline yesterday to approach our first waited target at 104.40, and we need to monitor the price at this level, as breaking it will extend the bearish wave to reach 103.65 as a next target.

 

Moving below the EMA50 supports the chances of continuing the decline, to continue suggesting the bearish trend on the intraday basis unless the price rallied to breach 105.20 and settles above it.

The expected trading range for today is between 103.80 support and 105.00 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0336%
1.3887
-0.0007
0.0497%
Tadawul
10228.35
-26.53
0.26%
27.346
0.828
3.120%
64.764
0.854
1.336%
68.07
-0.88
1.28%
1814.750
25.165
1.406%
 
 
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