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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