The USDJPY attacks the channel’s support – Analysis - 13-06-2019
Economies.com
2019-06-13 04:41AM UTC
The USDJPY pair shows negative trades now to press on the intraday bullish channel’s support line that appears on the chart, which we believe that it forms bearish flag pattern, which means that breaking the current support areas will ease the mission of surpassing 108.00 followed by rallying towards our main extended target at 106.75.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions supported by the EMA50 and stochastic negativity, conditioned by the price stability below 108.80.
The expected trading range for today is between 107.50 support and 108.80 resistance
The expected trend for today: Bearish
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