The USDJPY gets a negative signal – Analysis - 25-11-2020

The USDJPY pair ended yesterday below the resistance line that appears on the chart, accompanied by witnessing clear negative signals through stochastic, which provides the chance to resume the main bearish trend, which targets testing 103.65 level initially.

Therefore, the bearish bias will be expected for today, noting that surpassing the mentioned target will push the price to 103.00 as a next station, noting that breaching 104.65 will stop the suggested decline and push the price to 105.20 before any new attempt to decline.

The expected trading range for today is between 103.65 support and 105.00 resistance

The expected trend for today: Bearish