The USD/JPY attempts to breach again – Analysis – 11/11/2020

jpy_1_newsThe USDJPY pair made new attempt to breach 15.20 level but it returns to trade below it, which keeps the chances valid to resume the recently suggested bearish trend, which targets visiting 103.65 areas mainly.

We should note that breaching 105.20 and holding above it will stop the negative scenario and leads the price to achieve new gains that reach 106.00 and 106.44 on the near term basis.

The expected trading range for today is between 104.30 support and 105.70 resistance

The expected trend for today: Bearish

Origin: Economies

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