The USDJPY faces negative pressure – Analysis - 20-01-2021

2021-01-20 04:49:33 GMT (Economies.com)
 

The USDJPY pair could not manage to hold for long time above the resistance line that appears on the chart, to trade negatively and approach the key support 103.65, which brings us back to the neutrality until the price confirms breaking the mentioned support or breaching 104.10 resistance to detect its next trend clearly.

 

Note that breaking the mentioned support will press on the price to resume the main bearish trend that its next target located at 102.50, while breaching the resistance represents the key to start recovery attempts that target 105.20 areas initially.

The expected trading range for today is between 103.00 support and 104.50 resistance

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.2063
0.0010
0.0834%
1.3897
0.0003
0.0248%
Tadawul
10228.35
-26.53
0.26%
27.317
0.798
3.011%
64.841
0.931
1.457%
68.16
-0.80
1.16%
1814.270
24.685
1.379%
 
 
Live Forex Updates