USDJPY retests – Analysis - 26-06-2018

The USDJPY pair retested 110.04 level and kept its stability below it, as the EMA50 met this level to add more strength to it, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, which its next target located at 109.00, reminding you that breaking this level will extend the bearish wave to reach 108.00.

Holding below 110.04 is important to continue the expected decline, as breaching it will push the price to achieve gains that start at 111.32 mainly.

Expected trading range for today is between 108.50 support and 110.04 resistance, 

Expected trend for today: Bearish