The USD/JPY attempts to recover – Analysis – 26/10/2020

jpy_3_newsThe USDJPY pair shows some slight bullish bias to approach 105.00 barrier, accompanied by stochastic loss to the positive momentum again, while the EMA50 continues to press negatively on the price.

Therefore, these factors support the chances of continuing the expected bearish trend for the upcoming period, which its next main target located at 103.65, while holding below 105.20 represents key condition to continue the suggested decline.

The expected trading range for today is between 104.00 support and 105.20 resistance

The expected trend for today: Bearish

Origin: Economies

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