USDJPY crawls downwards – Analysis - 14-05-2018
Economies.com
2018-05-14 02:57AM UTC
The USDJPY pair shows slight negative trading to keep approaching 109.00 level, moving below the correctional bullish channel’s support now, to reinforce the chances of continuing the bearish trend in the upcoming period, reminding you that there is an under construction double top pattern now, which reinforces the expectations of achieving more decline on the intraday and short term basis.
Therefore, we will keep our bearish overview conditioned by the price stability below 110.04, reminding you that the extended target reaches 107.98.
Expected trading range for today is between 108.40 support and 110.00 resistance.
Expected trend for today: Bearish
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