The USDJPY declines calmly – Analysis - 08-12-2020

2020-12-08 05:10:05 GMT (Economies.com)
 

The USDJPY pair begins to rebound bearishly after testing the main resistance line, which supports the continuation of our bearish overview, waiting to break 103.65 to reinforce the expectations of continuing the bearish wave on the intraday and short term basis, which its next target located at 103.00.

 

In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 104.76 and holding above it.

The expected trading range for today is between 103.20 support and 104.50 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2163
-0.0010
0.0793%
1.4163
0.0027
0.1906%
Tadawul
10322.68
86.96
0.85%
27.554
-0.251
0.901%
65.228
-0.164
0.251%
68.35
0.03
0.04%
1834.465
-9.760
0.529%
 
 
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