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Dollar/Yen breaks below 50-period SMA after Trump tested positive for COVID-19 – USD/JPY Market Outlook – 02/10/2020

SquaredFinancial

The Dollar/Yen bears break the 50-period SMA as US President Trump tests positive for COVID-19. If Equities remain weak and couldn’t recover then the pair will likely fall further below 105. However, if the US Stimulus Bill gets approved, it will likely put an end to the risk-off sentiment, pushing the pair back above the 50-period SMA.

Support: 105.10 / 104.80
Resistance: 105.30 / 105.80

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dollar-yen-breaks-below-50-period-sma-after-trump-tested-positive-for-covid-19-usd-jpy-market-outlook-02-10-2020
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