Forex
The USDJPY under the negative pressure – Analysis - 02-07-2020
2020-07-02 04:35:08 GMT
(Economies.com)
The USDJPY pair faced additional negative pressure yesterday to break 107.68 level and settles below it again, as it broke the intraday bullish channel’s support line that appears on the chart, which puts the price under the negative pressure again, and we expect targeting 106.44 areas on the near term basis.
Therefore, we suggest the domination of the bearish bias 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 106.70 support and 108.00 resistance
The expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1818
|
0.0108
|
0.9184%
|
|
|
|
|
1.3076
|
0.0061
|
0.4698%
|
|
|
|
Tadawul
|
7499.97
|
10.08
|
0.13%
|
|
|
|
|
28.177
|
3.929
|
16.206%
|
|
|
|
|
41.430
|
0.995
|
2.461%
|
|
|
|
|
44.60
|
-0.50
|
1.11%
|
|
|
|
|
2055.640
|
86.285
|
4.381%
|
|
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