The USDJPY resumes the decline – Analysis - 07-07-2020
Economies.com
2020-07-07 04:27AM UTC
The USDJPY pair bounced bearishly yesterday after testing 107.68 level, reinforcing the expectations of continuing the expected bearish trend on the intraday basis, waiting to visit 106.44 level that represents our next negative target.
Moving below the EMA50 supports the expected decline, taking into consideration that breaching 107.68 will stop the negative scenario and push the price to recover and head towards 109.22 areas on the near term basis.
The expected trading range for today is between 106.60 support and 108.00 resistance
The expected trend for today: Bearish
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