The USDJPY hits the target – Analysis - 24-06-2020

2020-06-24 04:38:30 GMT (Economies.com)
 

The USDJPY pair succeeded to achieve our first waited target at 106.44 and settles around it, as it attempted to break it without managing to hold below it, noticing that the EMA50 forms negative pressure against the price, waiting to motivate the price to break the mentioned level and confirm extending the bearish wave to reach 105.20 as a next station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that failing to achieve the required break will lead the price to start recovery attempts that target testing 107.68 mainly.

 

The expected trading range for today is between 105.60 support and 107.10 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1817
0.0107
0.9112%
1.3078
0.0063
0.4833%
Tadawul
7499.97
10.08
0.13%
28.192
3.946
16.272%
41.365
0.930
2.300%
44.60
-0.50
1.11%
2053.725
84.370
4.284%
 
 
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