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US Stimulus and Vaccine hopes kept the pair afloat – USD/JPY Market Outlook – 19/10/2020

SquaredFinancial

Equity Futures continue to benefit from hopes of US stimulus and virus vaccine, keeping the pair afloat but capped below 105.50. The US should pass the fresh stimulus aid package before the November elections in order for us to see further upside above the 200-period SMA on this pair. Until then, price will remain in a range between 105 and 105.60.

Support: 105 / 104.85
Resistance: 105.60 / 105.80

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/us-stimulus-and-vaccine-hopes-kept-the-pair-afloat-usd-jpy-market-outlook-19-10-2020
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