The USDJPY tests the first resistance – Analysis - 22-01-2021

2021-01-22 05:16:26 GMT (Economies.com)
 

The USDJPY pair tested the first key resistance 103.65 and keeps its stability below it until now, accompanied by stochastic loss to the positive momentum clearly, while the EMA50 forms negative pressure against the price.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 103.65 and 103.95 levels, reminding you that our next target is located at 102.50.

The expected trading range for today is between 102.70 support and 104.10 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0315%
1.3887
-0.0007
0.0500%
Tadawul
10228.35
-26.53
0.26%
27.353
0.834
3.145%
64.840
0.930
1.455%
68.11
-0.84
1.22%
1814.685
25.100
1.403%
 
 
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