The USDJPY loses momentum – Analysis - 19-06-2020

2020-06-19 04:56:00 GMT (Economies.com)
 

The USDJPY pair shows sideways and tight trades since yesterday, settling below 107.00, noticing that stochastic loses its positive momentum gradually, while the EMA50 continues to press negatively on the price.

 

Therefore, these factors support the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our first target is located at 106.44, which breaking it represents the key to rally towards 105.20 as a next station, while the expected decline will remain active conditioned by the price stability below 107.68.

 

The expected trading range for today is between 106.00 support and 107.50 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1822
0.0112
0.9603%
1.3084
0.0070
0.5340%
Tadawul
7499.97
10.08
0.13%
27.978
3.731
15.387%
41.470
1.035
2.560%
44.62
-0.41
0.91%
2048.175
78.820
4.002%
 
 
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