The USDJPY approaches the resistance – Analysis - 11-06-2019
Economies.com
2019-06-11 04:35AM UTC
The USDJPY pair shows more bullish bias to approach testing the key resistance 108.80, noticing that the EMA50 presses negatively on the price to protect the recently suggested negative scenario, thus, we are waiting for bearish rebound to test 108.00 level initially, which breaking it represents the key to rally towards 106.75 as a next station.
On the other hand, we should note that breaching 108.80 is considered as the first positive key to regain the main bullish trend again.
The expected trading range for today is between 107.80 support and 109.00 resistance
The expected trend for today: Bearish
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