The USDJPY crawls downwards – Analysis - 14-12-2020
Economies.com
2020-12-14 04:55AM UTC
The USDJPY pair shows calm negative trades to crawls gradually towards the sideways range’s support line at 103.65, to remain inside this range that its resistance line located at 104.76, reminding you that we need to breach one of these levels to detect the next destination clearly.
Note that the continuation of the bearish bias and breaking 103.65 will press on the price to achieve more negative targets that reach 103.00, while breaching 104.76 resistance will push the price to recover and achieve gains that start at 105.20 followed by 106.00.
The expected trading range for today is between 103.40 support and 104.75 resistance
The expected trend for today: Sideways
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