The USDJPY continues to decline – Analysis - 06-01-2021
Economies.com
2021-01-06 05:39AM UTC
The USDJPY pair resumed its negative trades to reach the thresholds of the first target at 102.50, falling under continuous negative pressure coming by the EMA50, to support the chances of continuing the bearish trend in the upcoming period, which its next target located at 102.15.
Therefore, the bearish trend will remain suggested on the intraday and short term basis, conditioned by the price stability below 103.65.
The expected trading range for today is between 102.00 support and 103.30 resistance
The expected trend for today: Bearish
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