The USDJPY faces major resistance – Analysis - 21-10-2020
Economies.com
2020-10-21 04:01AM UTC
The USDJPY pair bounced bearishly after touching the major resistance line that appears on the chart, to break the minor bullish channel’s support line and heads towards potential test to 105.20, which hints the return of the bearish trend domination on the intraday trading, noting that breaking the mentioned level will push the price to continue the decline towards 104.45 followed by 103.65 levels as next main stations.
Therefore, we expect witnessing more decline in the upcoming sessions unless breaching 105.75 level and holding above it.
The expected trading range for today is between 104.60 support and 105.80 resistance
The expected trend for today: Bearish
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