USDJPY within tight track – Analysis - 26-08-2016
Economies.com
2016-08-26 03:17AM UTC
The USDJPY pair did not show any strong move since days, to continue fluctuating within tight track keeping its stability below 100.70 level, which keeps the correctional bearish trend scenario valid until now, supported by the negative pressure provided by the EMA50, besides the negative signals coming by stochastic.
Therefore, we are waiting for negative trading in the upcoming sessions, and the targets begin at 98.00 and extend to 94.76, reminding you that breaching 100.70 level will stop the suggested decline and lead the price for recovery attempts that its main targets begin at 104.45.
Expected trading range for today is between 99.00 support and 101.00 resistance.
Expected trend for today: Bearish
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