The USDJPY loses momentum – Analysis - 16-07-2021
Economies.com
2021-07-16 04:40AM UTC
The USDJPY pair settles below 110.00 barrier, noticing that stochastic loses its positive momentum to start overlapping negatively now, which supports the chances of continuing the expected bearish trend in the upcoming period, which its targets begin by visiting 109.22 level.
On the other hand, we should note that breaching 110.65 will stop the suggested negative scenario and lead the price to return to the main bullish track again.
The expected trading range for today is between 109.20 support and 110.40 resistance
The expected trend for today: Bearish
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