USD/JPY Technical Analysis For August 21, 2020 By FX Empire

by birtanpublished on August 25, 2020

Hi this is lad from effects empire dollar yen failed to settle above the 20 ema at 106.5 and declined closer to 105.50 currently dollar yen is trading in a range between the support at

105.30 and the resistance at the 20 ema a move below the support at 105.30 will provide the chance to test the next support level at 104.70 in case dollar yen moves below

This level it will head towards the next support at july lows at 104.20 on the upside the 20 ema remains the first major obstacle on the way up

A move above this level will push dollar yen towards the next resistance at the 50 ema at 106.45 have a nice day and good luck

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