The USDJPY is stable – Analysis - 02-12-2020

2020-12-02 04:54:50 GMT (Economies.com)
 

The USDJPY pair settles around the resistance line that appears on the chart that declines now to 104.40, waiting to resume the negative trades and head towards 103.65 that represents our first negative target, which breaking it represents the key to head towards 103.00 as a next station.

 

In general, we will continue to suggest the bearish trend conditioned by the price stability below 104.40, as breaching this level represents the key to rally to test 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

 
 
 
  Symbol Last Change Chg.%
1.2056
0.0003
0.0249%
1.3886
-0.0008
0.0576%
Tadawul
10228.35
-26.53
0.26%
27.307
0.788
2.971%
64.761
0.851
1.332%
68.13
-0.83
1.20%
1813.720
24.135
1.349%
 
 
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