The USDJPY touches the first target – Analysis - 11-02-2021

2021-02-11 04:58:15 GMT (Economies.com)
 

The USDJPY pair succeeded to touch our first target at 104.40 and settles near it, noticing that stochastic shows negative signals now, which supports the chances of breaking this level and open the way to head towards our next waited target at 103.65.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 105.20 level and holding with a daily close above it.

The expected trading range for today is between 103.80 support and 105.00 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2060
0.0007
0.0566%
1.3887
-0.0007
0.0507%
Tadawul
10228.35
-26.53
0.26%
27.316
0.796
3.003%
64.739
0.829
1.297%
68.16
-0.79
1.15%
1814.100
24.515
1.370%
 
 
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