The USDJPY loses momentum – Analysis - 12-02-2021

2021-02-12 04:59:59 GMT (Economies.com)
 

The USDJPY pair provides positive trading to test the EMA50 that forms good intraday resistance against the price, noticing that stochastic reaches the overbought areas now, to form negative motive that we expect to assist to push the price to decline again.

 

Therefore, we will keep our bearish overview conditioned by the price stability below 105.20, reminding you that our next main target reaches 103.65.

The expected trading range for today is between 104.00 support and 105.20 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1937
0.0035
0.2920%
1.3921
0.0027
0.1972%
Tadawul
10919.68
6.62
0.06%
26.006
0.017
0.065%
73.572
1.746
2.431%
75.56
0.32
0.43%
1776.650
-1.740
0.098%
 
 
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