The USD/JPY resumes the decline – Analysis – 31/07/2020

jpy_2_newsThe USDJPY pair resumed its negative trading clearly to move away from 105.20 level, which supports the continuation of our bearish overview, and the way is open to head towards our main waited target at 103.65.

The EMA50 keeps supporting the suggested bearish wave, which will remain valid and active unless breaching 105.20 and holding above it.

The expected trading range for today is between 103.70 support and 105.20 resistance

The expected trend for today: Bearish

Origin: Economies

Leave a Reply