The USDJPY keeps its negative stability – Analysis - 08-04-2020
Economies.com
2020-04-08 04:59AM UTC
The USDJPY pair tests the EMA50 that forms intraday support at 108.60 now, waiting to break this level to confirm the continuation of the expected bearish wave for the upcoming period, which targets 107.68 level as a first station.
Stochastic reaches the overbought areas to support the chances of achieving the required break, to continue suggesting the bearish trend on the intraday and short term basis unless the price rallied to breach 109.20 level and hold above it.
The expected trading range for today is between 107.70 support and 109.50 resistance
The expected trend for today: Overall Bearish
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