The USDJPY gets a negative signal – Analysis - 10-08-2020
Economies.com
2020-08-10 03:35AM UTC
The USDJPY pair provided temporary positive trades on last Friday to test 106.00 barrier, and returns to decline to head gradually towards our waited negative target at 105.20, to keep the bearish trend scenario valid and active for the upcoming period, supported by the negative signal that stochastic begins to provide now.
Breaking 105.70 is required to reinforce the negative overview, which will remain valid unless the price rallied to breach 106.44 level and hold above it.
The expected trading range for today is between 104.90 support and 106.20 resistance
The expected trend for today: Bearish
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