FX.co ★ USD/JPY: IPDA 60-Day Range For April 15, 2020

Today USD/JPY is trading at the level between the Premium and Discount Array Area according to the Interbank Price Delivery Algorithm (IPDA) 60-Day Data Ranges. If we look at the 4-hour chart, the pair aims to test 106.93 as the nearest liquidity Pool. If this level is surpassed, there is possibility the USD/JPY pair will go down to 104.75 as long it does not rebound higher than 109.39.

The overall bias of USD/JPY is bearish.

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