The USDJPY below the moving average – Analysis - 09-07-2020
Economies.com
2020-07-09 04:01AM UTC
The USDJPY pair traded with clear negativity yesterday to move away from 107.68 level and settles below the EMA50 now, to keep the bearish trend scenario active for the upcoming period, and the way is open to head towards our waited negative target at 106.44.
Holding below 107.68 is important to continue the expected decline, as breaching it will lead the price to start recovery attempts that target testing 108.15 followed by 109.22 areas on the near term basis.
The expected trading range for today is between 106.50 support and 108.00 resistance
The expected trend for today: Bearish
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