The USDJPY surpasses the resistance – Analysis - 03-12-2020
Economies.com
2020-12-03 04:58AM UTC
The USDJPY pair breached 104.40 level, but we notice that the price could not surpass last week recorded high at 104.76, to rebound bearishly and attempts to return below the main resistance that forms support line now at 104.35, which hints that the price is on its way to resume the main bearish track.
Therefore, the bearish bias will be suggested for today conditioned by the price stability below 104.76, noting that breaking 104.35 will confirm the continuation of the decline that targets 103.65 areas mainly.
The expected trading range for today is between 103.65 support and 105.00 resistance
The expected trend for today: Bearish
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