The USDJPY attempts positively – Analysis - 12-04-2021
Economies.com
2021-04-12 03:42AM UTC
The USDJPY pair bounced upwards clearly after touching 109.22 level, to approach 110.00 barrier, noticing that the price returns to decline now to hint heading to resume the recently suggested bearish trend, waiting to break 109.22 to confirm extending the bearish wave towards 108.40 as a next negative target.
Stochastic provides negative signals that support the chances of achieving the required break, thus, the bearish trend scenario will remain valid and active for today unless breaching 109.85 and holding above it.
The expected trading range for today is between 108.80 support and 110.00 resistance
The expected trend for today: Bearish
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