Forex

The USDJPY awaits more decline – Analysis - 06-08-2020

2020-08-06 03:56:01 GMT (Economies.com)

The USDJPY pair settles near 105.20 level, and the price falls under the negative pressure formed by the EMA50 now, while stochastic begins to lose the positive momentum.

 

Therefore, these factors encourage us to keep our bearish overview, which its targets begin by breaking 105.20 to open the way to head towards 103.65 as a next station, reminding you that it is important to hold below 106.44 to continue the expected decline.

 

The expected trading range for today is between 104.70 support and 106.00 resistance

The expected trend for today: Bearish

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