The USDJPY is stable – Analysis - 17-06-2020
Economies.com
2020-06-17 04:35AM UTC
The USDJPY pair settles below 107.68 level, to keep the negative pressure valid for the upcoming period, supported by the EMA50 that pushes the price downwards, waiting to head towards 106.44 that represents our next main target.
On the other hand, we should note that breaching 107.68 and holding above it will stop the suggested decline and push the price to achieve intraday gains that start at 109.22.
The expected trading range for today is between 106.50 support and 108.00 resistance
The expected trend for today: Bearish
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