The USDJPY achieves the extended target – Analysis - 10-05-2019
Economies.com
2019-05-10 01:03AM UTC
The USDJPY pair succeeded to achieve our waited target at 109.44 and settles near it, and the price falls under continuous negative pressure coming by the EMA50, which supports the chances of breaking the mentioned level and extend the correctional bearish wave to reach 108.80 as a next main target.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, noting that breaching 110.08 and holding above it will stop the current negative pressure and push the price to start recovery attempts that target testing 110.86 areas initially.
The expected trading range for today is between 108.80 support and 110.40 resistance
The expected trend for today: Bearish
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