USD JPY retests – Analysis - 27/03/2015
Economies.com
2015-03-27 05:19AM UTC
The USDJPY pair retested the previously neckline of the double top pattern at 119.30 and kept the daily close below it, which keeps the negative effect of this pattern valid, waiting to target 117.90 level initially and extend to 116.55 on the near term basis.
Stochastic reaches the overbought area to support the waited decline, which its continuation conditions holding below 119.30.
Expected trading range for today is between 117.90 support and 120.00 resistance.
Expected trend for today: Bearish
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