USD is still weakening and downtrending
Analysing forex from The Market side & perspective.
Hello traders, how are you today? We will start to analyse USDJPY. From our last analysis, we can see that this pair is all down for about 150 pips until the same price of May,7 2020. USD is still weakening even from other pairs, this is as an indication that the market will continue to go down until it finds a new support level. Anyway, the market has cleared out two of our positions BUY at 107.19 and SELL at 106.52. Today, we have one more trading position BUY at 106.87, even though this level is quite high above the current price.
Hello traders, how are you today? We will start to analyse USDJPY. From our last analysis, we can see that this pair is all down for about 150 pips until the same price of May,7 2020. USD is still weakening even from other pairs, this is as an indication that the market will continue to go down until it finds a new support level. Anyway, the market has cleared out two of our positions BUY at 107.19 and SELL at 106.52. Today, we have one more trading position BUY at 106.87, even though this level is quite high above the current price.
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