The USDJPY under the negative pressure – Analysis - 06-01-2020
Economies.com
2020-01-06 05:26AM UTC
The USDJPY pair provided negative trades in the previous sessions, affected by breaking 108.40 level, waiting for more decline to visit 107.45 level that represents our next main station, supported by the negative pressure formed by the EMA50.
On the other hand, we should note that breaching 108.40 will lead the price to start recovery attempts that target visiting 109.33 level initially.
The expected trading range for today is between 107.30 support and 108.80 resistance
The expected trend for today: Bearish
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