The USD/JPY gets a negative signal – Analysis – 23/10/2020

jy-l2The USDJPY pair begins providing negative trades now, hinting the price head to resume the expected bearish trend for the upcoming period, noticing that stochastic overlaps negatively to motivate the price to achieve more decline today.

Therefore, we will keep our bearish overview conditioned by the price stability below 105.20, reminding you that our next main target reaches 103.65.

The expected trading range for today is between 103.90 support and 105.20 resistance

The expected trend for today: Bearish

Origin: Economies

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