The USDJPY approaches the target – Analysis - 05-08-2020
Economies.com
2020-08-05 03:56AM UTC
The USDJPY pair traded with clear negativity yesterday to surpass the EMA50 and approaches our first waited target at 105.20, reinforcing the expectations of achieving more decline in the upcoming sessions, reminding you that breaking the mentioned level will extend the bullish wave to reach 103.65.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless we witnessed clear breach and hold above 106.44.
The expected trading range for today is between 104.70 support and 106.10 resistance
The expected trend for today: Bearish
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