USDJPY touches the target – Analysis - 22-05-2018
Economies.com
2018-05-22 01:12AM UTC
The USDJPY pair succeeded to touch our main waited target at 111.32 and rebounds bearishly from there, which hints the price head to test 110.04 areas in the upcoming sessions, supported by stochastic current negativity.
Therefore, the bearish trend will be suggested for today unless the price managed to breach 111.32 and hold above it, noting that breaking 110.04 will push the price towards 109.00 as a next negative station.
Expected trading range for today is between 110.00 support and 111.60 resistance.
Expected trend for today: Bearish
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