The USDJPY around the moving average – Analysis - 16-08-2019
Economies.com
2019-08-16 04:59AM UTC
The USDJPY pair made new test to 106.70 level yesterday and bounced bearishly from there, to settle around the EMA50, waiting for more decline to continue the main bearish trend, which its targets begin at 105.05 followed by 104.60.
Holding below 106.70 is important to achieve the suggested targets, as breaching it will push the price to achieve more intraday gains that reach 107.70 mainly.
The expected trading range for today is between 105.20 support and 106.70 resistance
The expected trend for today: Bearish
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