The USDJPY gets a negative signal – Analysis - 15-06-2020

The USDJPY pair provided clear positive trades on last Friday to approach the key resistance 107.68, but we notice that the price begins today negatively to move away from this level, supported by the negative signal provided by stochastic, waiting to motivate the price to provide more negative trades and test 106.44 initially.

Therefore, we will continue to suggest the bearish trend for the upcoming period, reminding you that breaking the targeted level will push the price to 105.20 followed by 103.65 as next negative stations, while the expected decline will remain valid unless breaching 107.68 and holding above it.

The expected trading range for today is between 106.40 support and 107.80 resistance

The expected trend for today: Bearish