The USDJPY around the moving average – Analysis - 29-06-2020
Economies.com
2020-06-29 04:33AM UTC
The USDJPY pair continues to fluctuate around the EMA50, noticing that stochastic lost its positive momentum to move near the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets testing 106.44 initially.
Therefore, we will continue to suggest the bearish trend unless breaching 107.68 level and holding above it, noting that breaking 106.44 will extend the bearish wave to reach 105.20 as a next main station.
The expected trading range for today is between 106.44 support and 107.80 resistance
The expected trend for today: Bearish
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