Weekly Technical Analysis of THE USD-JPY

The Japanese dollar fell strongly due to the effects of the markets crisis of the Corona. As we indicated in our analysis of the previous week, the sale was made from level 108 and gained more than 700 points so far. Where we refer to you with weekly analysis today.

The dollar technically reached the strong support area at 101.30, which is the lowest price for the pair from 2016, and the price response level was higher for almost 3 years.

Zone 101.30 - 99.95 is a buying area for the husband, and we target the level of 104.50 which is the level of broken support and has not been tested yet. We recommend buying from the current areas. The lower the price and pressure negatively, the purchase will be very good from lower prices.

Very important: It is necessary to maintain the stop loss 98.70