The USDJPY within tight track – Analysis - 09-04-2020
Economies.com
2020-04-09 04:29AM UTC
The tight range dominates the USDJPY pair’s trades, which keeps its stability below 109.20, noticing that stochastic begins to provide negative overlapping signal on the daily time frame, which supports the chances of resuming the expected bearish trend on the intraday and short term basis, which its targets begin at 107.68 and extend to 106.44 after breaking the previous level.
On the other hand, we should note that breaching 109.20 will push the price to test 111.10 areas before any new attempt to decline.
The expected trading range for today is between 107.70 support and 109.50 resistance
The expected trend for today: Overall Bearish
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