The USDJPY resumes the decline – Analysis - 04-01-2021
Economies.com
2021-01-04 04:59AM UTC
The USDJPY pair resumed its negative trades clearly to settle below 103.00, which supports the continuation of the expected bearish trend scenario for the upcoming period, which its targets begin at 102.50 followed by 102.15, supported by the negative pressure formed by the EMA50.
Stochastic forms negative motive that supports the expectations to decline, which will remain valid and active unless breaching 103.65 level and holding above it.
The expected trading range for today is between 102.30 support and 103.65 resistance
The expected trend for today: Bearish
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