fxstreet.com 21 Feb, 2021 15:00 am

Increased bearish potential, critical support at 104.95

Increased bearish potential, critical support at 104.95
The USD/JPY pair fell on Friday for a third consecutive day, trimming half of its weekly gains. The dollar’s broad weakness was behind the slump, wit

The USD/JPY pair fell on Friday for a third consecutive day, trimming half of its weekly gains.USD/JPY short-term technical outlook The USD/JPY pair trades in the 105.In the daily chart, the pair is below its 200 SMA, but above a bullish 20 SMA which provides dynamic support around 104.USD/JPY is at risk of falling further, immediate support at 105.

4o price zone and is at risk of falling further.Speculative interest sold the greenback despite higher US Treasury yields.

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