Forex
The USDJPY breaches the resistance – Analysis - 01-07-2020
2020-07-01 04:20:54 GMT
(Economies.com)
The USDJPY pair breached 107.68 level strongly and closed the daily candlestick above it, to activate the bullish trend scenario on the intraday basis, on its way to head towards 109.22 areas mainly.
Therefore, the bullish bias will be expected for the upcoming sessions, noting that the price begins today with clear negativity to test the above mentioned support, as the price needs to hold above this level to keep the positive scenario active.
The expected trading range for today is between 107.00 support and 108.50 resistance
The expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.2171
|
0.0106
|
0.8802%
|
|
|
|
|
1.3682
|
0.0133
|
0.9783%
|
|
|
|
Tadawul
|
8876.49
|
-14.80
|
0.17%
|
|
|
|
|
25.456
|
0.551
|
2.212%
|
|
|
|
|
52.083
|
-0.217
|
0.415%
|
|
|
|
|
55.17
|
-0.93
|
1.66%
|
|
|
|
|
1854.335
|
18.220
|
0.992%
|
|
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