USDJPY 08.06.2021
Overview:
Prices are moving in a downtrend.
Expected scenario:
The pair is trading below a strong resistance level around 109.60, which enhances the chances of descending during the day to 109.18
Alternative scenario:
On the other hand, we see that in case of breaking the 109.60 level upwards, it may push the pair further upwards, to reach 109.90.
Resistance levels | 109.50 | 109.60 | 109.60 |
Support levels | 109.18 | 109.00 | 108.84 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
Related Topics
Latest News
Tuesday, April 23, 2024 - 22:05
Tuesday, April 23, 2024 - 21:56
Monday, April 22, 2024 - 21:00
Friday, April 19, 2024 - 20:05
Latest Economic Analysis
Tuesday, May 16, 2023 - 23:36
Tuesday, April 25, 2023 - 15:59
Tuesday, April 18, 2023 - 22:22
Tuesday, April 04, 2023 - 17:13
Latest Education Articles
Friday, July 14, 2023 - 19:25
Thursday, February 13, 2020 - 21:24
Thursday, January 30, 2020 - 14:39
Friday, January 17, 2020 - 13:00