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.%
1.1814
0.0104
0.8911%
1.3077
0.0062
0.4775%
Tadawul
7499.97
10.08
0.13%
28.166
3.919
16.163%
41.455
1.020
2.523%
44.58
-0.51
1.13%
2053.280
83.925
4.261%
 
 
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