USDJPY loses momentum – Analysis - 01-02-2019

2019-02-01 05:10:49 GMT (Economies.com)
 

The USDJPY pair keeps its stability below 109.16 level, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its next target located at 108.09.

 

We remind you that breaching 109.16 will stop the suggested decline and push the price to target 110.24 level initially.

 

Expected trading range for today is between 108.00 support and 109.40 resistance

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1069
0.0007
0.0673%
1.3137
0.0000
0.0027%
Tadawul
8120.01
21.27
0.26%
16.613
0.041
0.249%
59.005
-0.105
0.178%
64.22
-0.17
0.26%
1461.695
1.850
0.127%
 
 
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