The USDJPY hits the target – Analysis - 19-11-2020

The USDJPY pair succeeded to achieve our waited target exactly at 103.65 and settles near it, falling under continuous negative pressure coming by the EMA50, which supports the chances of surpassing the mentioned level and open the way to achieve more negative targets, as the next station is located at 103.00.

Therefore, we expect the continuation of the bearish trend domination, taking into consideration that failing to break 103.65 will push the price to start recovery attempts that target testing 104.40 followed by 105.20 areas mainly.

The expected trading range for today is between 103.00 support and 104.30 resistance

The expected trend for today: Bearish