USD/JPY and AUD/USD Forecast August 19, 2020

by birtanpublished on August 28, 2020

from daily forex this is chris take a look at the dollar yen you can see that we have fallen a bit during the trading session here on tuesday reaching towards this support

Level here and i think it's only a matter of time before we break down below this little bit and go looking towards 104 you know say 30 or so a breakdown below there opens up the

Door to 102 possibly even 100 rallies at this point should be thought of as selling opportunities on signs of exhaustion we've seen that happen once already with the 50-day ema sloping lower

I think that continues to be the case aussie dollar looks strong did give back some of the excess during the day but uh still think a pullback will more than likely attract buyers

This area between 71 and 70 continues to be massive support now that the 50-day ema is coming into the picture that also helps 73 followed by 75 would be my targets followed by 80.

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