CFDs and Spread Betting are complex instruments, which involve high risks of losing all or partially your investment, as leverage changes drastically. 79% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider. You should take into account whether you understand how CFDs and Spread Betting work and whether you can afford to risk losing money.

The USD/JPY awaits the break – Analysis – 23/11/2020

jpy_3_newsThe USDJPY pair continues to fluctuate at 103.65 level, and the price falls under the negative pressure formed by the EMA50, while stochastic begins overlapping negatively now.

Therefore, these factors support the chances of breaking the above mentioned level to open the way to head towards 103.00 as a next negative station, noting that breaching 104.20 will stop the expected decline and push the price to achieve intraday gains that reach 105.20 before any new attempt to decline.

The expected trading range for today is between 103.00 support and 104.30 resistance

The expected trend for today: Bearish

Origin: Economies


InstaForex