USDJPY tests the resistance – Analysis - 10-02-2017
Economies.com
2017-02-10 05:20AM UTC
The USDJPY pair traded with clear positivity yesterday to test the bearish channel's resistance that appears on chart, accompanied by witnessing big overbought signals through stochastic, to form negative factor that we expect to push the price to rebound bearishly and resume the bearish trend again, which its main targets begin at 111.60 and extend to 110.00.
In general, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 113.97 level and holding with a daily close above it.
Expected trading range for today is between 112.45 support and 114.30 resistance.
Expected trend for today: Bearish
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