The USDJPY attempts positively – Analysis - 20-05-2019

Economies.com
2019-05-20 00:48AM UTC

The USDJPY pair tested 110.08 level and keeps its stability below it until now, which keeps the bearish trend scenario valid until now, and the price needs to break 109.44 level to head towards our next main target at 108.80, being aware that breaching 110.08 will push the price to achieve extra gains that begin at 110.86 and extend to regain the bullish trend on the short term basis.

 

The expected trading range for today is between 109.20 support and 110.60 resistance

 

The expected trend for today: Bearish

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