The USDJPY faces solid support – Analysis - 31-03-2020
Economies.com
2020-03-31 04:46AM UTC
The USDJPY pair could not manage to hold above long time above 107.68, to open today positively and attempts to cover some of the losses that it suffered recently, but it faces good resistance formed by the EMA50 around 108.75, which supports the chances of bouncing bearishly to resume the recently suggested negative scenario, which its targets begin by breaking 107.68 to open the way to head towards 106.44.
Therefore, the bearish trend will remain suggested for the upcoming period unless the price rallied to breach 109.20 and hold above it.
The expected trading range for today is between 107.40 support and 109.20 resistance
The expected trend for today: Overall Bearish
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