The USDJPY loses momentum – Analysis - 09-12-2020

2020-12-09 05:27:47 GMT (Economies.com)
 

The USDJPY pair hovers around the EMA50, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the main bearish trend, which its targets begin by breaking 103.65 to confirm extending the bearish wave towards 103.00.

 

Holding below 104.30 is important to continue the expected decline, as breaching it will push the price to achieve intraday gains and test 104.76 and might extend to 105.20 areas before any new attempt to decline.

The expected trading range for today is between 103.40 support and 104.70 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2064
0.0011
0.0908%
1.3899
0.0005
0.0345%
Tadawul
10228.35
-26.53
0.26%
27.328
0.809
3.053%
64.825
0.915
1.432%
68.16
-0.80
1.16%
1814.335
24.750
1.383%
 
 
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