USDJPY resumes the decline – Analysis - 07-03-2018
Economies.com
2018-03-07 05:09AM UTC
The USDJPY pair bounced bearishly after retesting 106.35 level yesterday, to start pushing on the key support 105.54 now, waiting to break this level to confirm opening the way to head towards 104.31 that represents our next main target.
Therefore, we will continue to suggest the bearish trend in the upcoming period supported by the EMA50, unless the price managed to breach 106.35 level and hold with a daily close above it.
Expected trading range for today is between 104.60 support and 106.35 resistance.
Expected trend for today: Bearish
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