The USDJPY loses momentum – Analysis - 07-08-2020
Economies.com
2020-08-07 04:13AM UTC
The USDJPY pair shows sideways and tight trades since yesterday, and still below the EMA50, waiting to resume the negative trades to break 105.20 and confirm extending the bearish wave towards 103.65.
In general, we will continue to suggest the bearish trend unless breaching 106.44 and holding above it, noting that stochastic continues to lose the positive momentum to support the expectations of continuing the overall negative scenario.
The expected trading range for today is between 104.70 support and 106.00 resistance
The expected trend for today: Bearish
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