The USDJPY exits the channel – Analysis - 07-04-2021

2021-04-07 03:17:37 GMT (Economies.com)
 

The USDJPY pair broke the bullish channel’s support line clearly and settled below it, which puts the price under expected negative pressure in the upcoming sessions, targeting testing 109.22 level initially, noting that breaking this level will extend the bearish wave to reach 108.40 as a next station.

 

Therefore, the bearish bias will be expected for today unless the price managed to breach 110.15 level and hold above it.

The expected trading range for today is between 109.00 support and 110.15 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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