The USDJPY around the moving average – Analysis - 23-03-2021

2021-03-23 05:42:11 GMT (Economies.com)
 

The USDJPY pair hovers around the EMA50, noticing that stochastic loses its positive momentum to approach the overbought areas, which support the chances of continuing the expected bearish trend on the intraday basis, waiting to visit 107.70 as a first main target.

 

We remind you that the continuation of the bearish wave depends on the price stability below 109.22, as breaching this level represents the key to resume the main bullish trend again.

The expected trading range for today is between 108.00 support and 109.20 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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