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Daily Market Analysis 16|04|2020: USDJPY

Intraday: Bearish

* Technical Analysis

* Preference: 
A Sell position is envisaged  if price trades below 107.706 with take profit at 107.680

* Alternative scenario: 
A Buy position is envisaged if price trades above 107.815 with take profit at 107.990

* Fundamentals:
USD Unemployment Claims 1:30pm

Comment: most investors have been weary of the dollar and have recently started pumping their money into the Japanese yen, this paid further slid lower as recent data showed the US retail decline continued. It is envisaged that this pair sells today

Analysis: SCRUM Team

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