Forex

The USDJPY begins positively – Analysis - 21-08-2019

2019-08-21 04:53:07 GMT (Economies.com)

The USDJPY pair shows bullish bias by today’s opening affected by stochastic positivity, on its way for new test to the key resistance 106.70, and as long as the price is below this level, our bearish overview will remain valid for the upcoming period, waiting to visit 105.05 followed by 104.60 levels mainly.

 

We remind you that breaching the mentioned resistance will push the price for more bullish correction that its next target reaches 107.70.

 

The expected trading range for today is between 105.70 support and 107.00 resistance

 

The expected trend for today: Bearish

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