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The USD/JPY attempts to breach – Analysis – 22/12/2020

The USDJPY pair attempted to breach 103.65 level yesterday but it returned to settle below it, which keeps the bearish trend scenario valid on the intraday and short term basis, supported by the negative pressure formed by the EMA50, depending on the stability of the daily close below the mentioned level, noting that our next target is located at 102.50.

The expected trading range for today is between 102.70 support and 103.90 resistance

The expected trend for today: Bearish

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