The USDJPY under the negative pressure – Analysis - 09-02-2021
Economies.com
2021-02-09 05:26AM UTC
The USDJPY pair faced strong negative pressure to break 105.20 level and settles below it, which stops the recently suggested positive scenario and push the price to achieve more expected decline in the upcoming sessions, on its way to test 104.40 initially, noting that breaking this level will push the price towards 103.65 as a next station.
Therefore, the bearish trend will be expected for the upcoming sessions unless we witnessed clear breach and hold above 105.20.
The expected trading range for today is between 104.00 support and 105.40 resistance
The expected trend for today: Bearish
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