Technical analysis of USD / JPY 07/30/2020

The USD / JPY currency pair is decreasing as part of the formation of a downward channel on the daily chart. At the moment the pair are in the area of ​​the 105.00 level. The technical picture suggests further development of the downtrend with the target in the area of ​​103.40. Cancellation of the continuation of the decline in this pair will be growth above the area of ​​108.00, which will indicate a breakdown of the upper border of the channel and MA 100 on the daily timeframe.

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Libertex [CPS] WW



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