The USDJPY leans on the support – Analysis - 31-01-2020
Economies.com
2020-01-31 05:56AM UTC
The USDJPY pair touched the bullish channel’s support line and bounced bullishly to approach the key resistance 109.33, noticing that the EMA50 continues to press negatively on the price, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 108.40 level initially, reminding you that the continuation of the expected decline requires holding below 109.33.
The expected trading range for today is between 108.40 support and 109.60 resistance
The expected trend for today: Bearish
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