The USDJPY keeps its negative stability – Analysis - 21-12-2020
Economies.com
2020-12-21 05:14AM UTC
The USDJPY pair settles below 103.65 level, and the EMA50 forms continuous negative pressure against the price, which keeps our bearish overview valid and active for the upcoming period, reminding you that we are waiting to visit 102.50 level as a next target.
On the other hand, we should note that breaching 103.65 will stop the expected decline and push the price to turn to rise on the intraday basis to visit 104.60 level initially.
The expected trading range for today is between 102.70 support and 103.80 resistance
The expected trend for today: Bearish
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