The USDJPY loses momentum – Analysis - 02-01-2020
Economies.com
2020-01-02 05:34AM UTC
The USDJPY pair shows some slight bullish bias after reaching our first target 108.40, noticing that stochastic loses its positive momentum clearly, waiting to resume the bearish trend to break the mentioned level and open the way to visit 107.45 as a next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 109.33 level and hold above it.
The expected trading range for today is between 108.00 support and 109.33 resistance
The expected trend for today: Bearish
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