USDJPY attempts positively – Analysis - 22-08-2017
Economies.com
2017-08-22 04:11AM UTC
The USDJPY pair bounced bullishly after testing 108.80 level again yesterday, which urges caution from the upcoming trading, due to the possibility of the price head to extend the bullish correction on the intraday basis.
But, until now, the overall bearish trend scenario still valid unless we witnessed clear breach to 110.09 followed by 110.93 levels and holding above them, noting that the EMA50 supports the expected decline by pushing negatively on the price, waiting to break 108.80 to confirm opening the way to head towards our next target at 107.50.
Expected trading range for today is between 108.10 support and 110.09 resistance.
Expected trend for today: Bearish
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