The USDJPY attempts to recover – Analysis - 25-01-2021
Economies.com
2021-01-25 02:23AM UTC
The USDJPY pair provided extra positive trading to hit the most important resistance at 103.95, noticing that the price keeps its stability below this level until now, while stochastic lost its positive momentum to enter the overbought levels, which supports the chances for bouncing lower to resume the main bearish trend that depends on the stability below the mentioned resistance.
Note that breaking 103.65 is required for reinforcing the expectations for moving lower towards our next main negative target at 102.50.
The expected trading range for today is between 103.00 support and 104.40 resistance
The expected trend for today: Bearish
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