USDJPY begins negatively – Analysis - 07-04-2017
Economies.com
2017-04-07 04:20AM UTC
The USDJPY pair begins today's trading with clear negativity to reach last month recorded low at 110.10, as the EMA50 formed solid resistance barrier that pushed the price to resume the bearish bias, while stochastic provides negative overlapping signal on the four hours' time frame.
Therefore, our bearish overview will remain valid efficiently in the upcoming period, waiting to visit 109.00 level as a next main target, taking into consideration that the continuation of the bearish trend depends on holding below 111.65.
Expected trading range for today is between 109.00 support and 111.00 resistance.
Expected trend for today: Bearish
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