The USDJPY attempts positively – Analysis - 30-05-2019
Economies.com
2019-05-30 00:44AM UTC
The USDJPY pair traded with clear positivity yesterday to breach 109.44 level and moves above it again, but it faces the EMA50 that forms continuous negative pressure against the price, which protects the recently suggested correctional bearish scenario, waiting to resume the bearish bias that its next target located at 108.80.
Stochastic supports the expectations to decline, reminding you that it is important to hold below 110.08 to continue the suggested bearish wave.
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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