The USDJPY tests the resistance – Analysis - 06-07-2020
Economies.com
2020-07-06 04:28AM UTC
The USDJPY pair shows positive trades by today’s open to test the key resistance 107.68, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, which targets 106.44 level mainly.
On the other hand, we should note that breaching 107.68 and holding above it will lead the price to achieve additional gains that reach 109.22.
The expected trading range for today is between 106.90 support and 108.20 resistance
The expected trend for today: Bearish
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