The USDJPY keeps its negative stability – Analysis - 08-04-2021

2021-04-08 04:16:06 GMT (Economies.com)
 

The USDJPY pair shows sideways trading since yesterday, keeping its stability below the broken support of the bullish channel, to keep the bearish trend scenario valid and active for the upcoming period, which its targets begin by testing 109.22.

 

We remind you that breaking the mentioned level will push the price to 108.40 as a next negative target, while the expected decline will remain valid unless the price rallied to breach 110.30 level and hold above it.

The expected trading range for today is between 109.00 support and 110.15 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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