The USDJPY tests the resistance – Analysis - 16-06-2020

2020-06-16 04:45:12 GMT (Economies.com)
 

The USDJPY pair shows some bullish bias now to test the key resistance 107.68, noticing that the EMA50 meets this level to add more strength to it, reinforcing the chances of continuing the expected bearish trend on the intraday basis, which targets 106.44 level initially.

 

Therefore, the bearish trend scenario will remain valid in the upcoming sessions unless breaching 107.68 level 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

 
 
 
  Symbol Last Change Chg.%
1.1820
0.0110
0.9394%
1.3076
0.0060
0.4648%
Tadawul
7499.97
10.08
0.13%
28.009
3.763
15.517%
41.420
0.985
2.436%
44.57
-0.50
1.11%
2051.280
81.925
4.160%
 
 
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