USDJPY awaits the confirmation – Analysis - 27-02-2018
The USDJPY pair shows sideways trading since yesterday, settling below the EMA50, and the price still confined between the trend confirmation levels represented by 106.35 support and 107.40 resistance, which makes us continue with our neutrality until we get clearer signal for the next trend, waiting to surpass one of these levels to confirm the next trend.
We remind you that breaching the mentioned resistance will push the price to achieve more intraday gains and target 108.53 level as a next main station, while breaking 106.35 will put the price under the negative pressure again, to start the negative targets at 105.54.
Expected trading range for today is between 106.00 support and 107.80 resistance.
Expected trend for today: Depends on the above mentioned levels
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