The USDJPY returns to test the resistance – Analysis - 08-07-2020
Economies.com
2020-07-08 04:32AM UTC
The USDJPY pair makes new test to 107.68 level and keeps its stability below it, noticing that stochastic provides clear negative signals on the four hours’ time frame, waiting to motivate the price to resume the expected bearish trend in the upcoming period, which targets 106.44 level as a next station.
Note that breaking 107.20 will ease the mission of achieving the mentioned target, while the expected decline will remain valid unless breaching 107.68 and holding with a daily close above it.
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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