The USD/JPY attempts to recover – Analysis – 16/10/2020

news_22_feb_1_usd_jpy-The USDJPY pair provided slight positive trades yesterday, noticing that the EMA50 formed good resistance barrier against the price, to press on trades to decline again, accompanied by witnessing negative overlapping signal through stochastic, waiting to motivate the price to break 105.20 level and open the way to head towards 104.40 followed by 103.65 levels that represent our next negative targets.

Therefore, our bearish overview will remain valid for the upcoming period conditioned by the price stability below 105.45.

The expected trading range for today is between 104.50 support and 105.80 resistance

The expected trend for today: Bearish

Origin: Economies

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