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JPYUSD analysis 02.09.2020

02.09.2020

Market Review

The dollar against the yen is fluctuating around the moving average 50, and stabilizes around the 106.00 barrier, and as long as the price is below 106.44, our expectations for a bearish trend will remain valid for the upcoming period, waiting for a negative stimulus to push the price to resume the decline, whose next main target is at 105.20.

The expected trading range for today is between 105.20 support and 106.44 resistance.

The expected general trend for today: Bearish.

Author: admin
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