The USDJPY around the moving average – Analysis - 24-04-2019
Economies.com
2019-04-24 04:27AM UTC
The USDJPY pair returns to fluctuate around the EMA50 after testing the intraday bullish channel’s support line that appears on the chart, and as long as the price is below 112.15, our bearish overview will remain active, as breaching it will push the price to resume the short term bullish trend, which its next target located at 113.50.
Note that breaking 111.75 will reinforce the expectations to head towards our main waited target of the suggested bearish wave at 110.08.
The expected trading range for today is between 111.00 support and 112.40 resistance
The expected trend for today: Bearish
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