USDJPY is stable below the resistance – Analysis - 28-04-2017
Economies.com
2017-04-28 03:58AM UTC
The USDJPY pair settles below 111.65 level, which keeps our bearish overview valid, as the price still under the effect of the double top pattern that appears on the above chart, waiting to resume the bearish bias that its targets begin by testing 110.00.
Note that breaking the mentioned level will extend the bearish wave to reach 106.63 on the near term basis, while holding below 111.65 represents key condition to continue the expected decline.
Expected trading range for today is between 110.00 support and 112.00 resistance.
Expected trend for today: Bearish
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