Technical analysis of USD/JPY 11/06/2020

The USD/JPY currency pair is moving in a downtrend on the daily chart. The pair has broken through the key support level 104.00 and is currently consolidating around 103.50. The technical analysis shows acontinuation of the downward movement to the annual lows at 102.00. Cancellation of the development option for the pair’s decline will be a strong growth above the previous maximum of 105.40.

USDJPY_STPDaily

Created by Joshua Hayn

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