Japanese Yen Analysis 19-20-20

The dollar versus the yen shows sideways and narrow range trading since yesterday, stable below 107.00, noting that the stochastic indicator is gradually losing its positive momentum, while SMA 50 continues to press negatively on the price.

Consequently, these factors support the expectations of the continuation of the downside movement during the upcoming sessions, with a reminder that our first target is at 106.44, whose breach represents the key to the rally towards 105.20 as a next station, while the expected decline will remain effective, provided the stability is below 107.68.

The expected trading range for today is between 106.00 support and 107.50 resistance

Expected trend for today: bearish