The USD/JPY crawls downwards – Analysis – 26/11/2020

jy-l3The USDJPY pair shows calm negative trades to start pressing on the EMA50, which supports the continuation of the expected bearish trend scenario for the upcoming period, which its targets begin at 103.65, reminding you that breaking this level will extend the bearish wave to 103.00 direct.

Note that holding below 104.65 is important to achieve the suggested targets, as breaching it will lead the price to achieve new intraday gains that target testing 105.20 level before any new negative attempt.

The expected trading range for today is between 103.50 support and 105.00 resistance

The expected trend for today: Bearish

Origin: Economies

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