This currency pair is playing in sideways market
The Japanese yen is strengthening because of Trump's COVID_19 .
In this currency pair, the price will fall to the support range of 1.
If the tension between Europe and the UK will reduced (i think any reduce is temporarily), we will see a rise till Support 1 .
Which breaked support 1 and will continue to down to the support range 2.
But if the UK and the EU make a serious effort to solve the problem, then the analysis will be invalidated and the price will move down rapidly (sharply) to the resistance 1 and then resistance 2.
In this case, I recommend that you follow the news before opening any position on this currency pair.
Best advice: wait to open a buy position
If the sell position opens, try to make a profit with the least risk and save profit according to the chart
The Japanese yen is strengthening because of Trump's COVID_19 .
In this currency pair, the price will fall to the support range of 1.
If the tension between Europe and the UK will reduced (i think any reduce is temporarily), we will see a rise till Support 1 .
Which breaked support 1 and will continue to down to the support range 2.
But if the UK and the EU make a serious effort to solve the problem, then the analysis will be invalidated and the price will move down rapidly (sharply) to the resistance 1 and then resistance 2.
In this case, I recommend that you follow the news before opening any position on this currency pair.
Best advice: wait to open a buy position
If the sell position opens, try to make a profit with the least risk and save profit according to the chart