The USDJPY breaches the resistance – Analysis - 07-01-2020
Economies.com
2020-01-07 05:47AM UTC
The USDJPY pair traded with clear positivity yesterday to breach 108.40 level and settles above it, which pushes the price to achieve expected gains on the intraday basis, on its way to test 109.33 level as a first main station.
Therefore, the bullish bias will be expected for today, noting that breaking 108.40 and holding below it again will reactivate the bearish trend scenario that its next target located at 107.45.
The expected trading range for today is between 108.00 support and 109.33 resistance
The expected trend for today: Bullish
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