The USDJPY attempts to recover – Analysis - 03-04-2020
Economies.com
2020-04-03 05:03AM UTC
The USDJPY pair’s decline stopped at 106.90 barrier yesterday, to rebound bullishly and settles above 107.68 again, affected by stochastic positivity, but we notice that the EMA50 continues to press negatively on the price, to keep the chances valid to resume the correctional bearish trend, waiting to visit 106.44 as a next station.
On the other hand, we should note that failing to trade below 107.68 again and breaching 108.50 will push the price to achieve more intraday gains and test 109.20 level before any new negative attempt.
The expected trading range for today is between 106.70 support and 109.20 resistance
The expected trend for today: Overall Bearish
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