USDJPY could drop to 105.91 if the lower TL breaks

2 000
Hello friends, USDJPY has been consolidating in the same area for the last 7-8 days. However, price action indicates weakness in USDJPY.

If the lower TL breaks, UJ could drop to 105.30 level.

A drop in the global indices as the economic outlooks worsens due to the COVID-19 pandemic could trigger a risk-off situation which will probably lead to a decline in USDJPY as the Japanese Yen strengthens.

Feragatname

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