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Bulls attempting to break above critical resistance – USD/JPY Market Outlook – 07/10/2020

SquaredFinancial

Equities came under strong selling pressure after Trump tweeted that he will delay stimulus talks, however, the pair barely even budged. The US Dollar remains strong, despite US Treasury Yields pulled back towards 0.74%, as the bulls remain persistent and attempt to retest 105.80 resistance and possibly break above it.

Support: 105.50 / 105.10
Resistance: 105.80 / 106

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/bulls-attempting-to-break-above-critical-resistance-usd-jpy-market-outlook-07-10-2020
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