The USD/JPY hits the second target – Analysis – 18/12/2020

a-5The USDJPY pair shows positive trades after managing to touch our waited target at 103.00, to approach retesting 103.65 that was broken previously, and as long as the price is below this level, our bearish overview will remain valid for the upcoming period, which its next target located at 102.50.

Note that the continuation of the rise and breaching 103.65 will lead the price to achieve more gains and head towards testing 104.65 areas before any new attempt to decline.

The expected trading range for today is between 102.70 support and 103.80 resistance

The expected trend for today: Bearish

Origin: Economies

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