The USDJPY approaches the resistance – Analysis - 26-06-2020

2020-06-26 04:32:49 GMT (Economies.com)
 

The USDJPY pair approached 107.68 level yesterday, and begins providing negative trades to fluctuate around the EMA50, waiting to surpass 107.05 level to ease the mission of heading towards our first expected negative target at 106.44, as the bearish trend scenario still valid and active as long as 107.68 level remains intact.

 

On the other hand, we should note that breaching the last level will stop the expected decline and leads the price to achieve new gains that reach 109.22.

 

The expected trading range for today is between 106.44 support and 107.80 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1829
0.0119
1.0184%
1.3097
0.0082
0.6320%
Tadawul
7499.97
10.08
0.13%
28.589
4.342
17.907%
41.820
1.385
3.425%
44.89
-0.20
0.44%
2059.930
90.575
4.599%
 
 
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