USD/JPY analysis for June 08.2020 – Strong rally expected towards the 109.85

Exchange Rates 08.06.2020 analysis

Technical analysis:

USD/JPY has been trading downwards . The price tested and rejected of the level at 109,27. I see potential for ther further rise towards the 109,84.

Trading recommendation:

Watch for potential buying opportunities on the dips towards the levels at 109,85. I found that there is bullish divergence on the Stochastic oscillator and bull flag completion, which is sign for the further rally.

Source: USD/JPY analysis for June 08.2020 – Strong rally expected towards the 109.85

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