The USDJPY loses momentum – Analysis - 12-02-2021
Economies.com
2021-02-12 04:59AM UTC
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
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