The USDJPY attempts to recover – Analysis - 11-12-2019
Economies.com
2019-12-11 05:40AM UTC
The USDJPY pair shows a slight bullish bias to test the EMA50, noticing that stochastic keeps moving at the overbought levels, to form a negative motive that we wait to assist to push the price lower.
Therefore, we will keep preferring the bearish trend on the intraday and short term basis unless the price rallied to breach 109.33 and holding above it, pointing that breaking 108.40 is required to reinforce the chances for heading towards our next main target at 107.45.
The expected trading range for today is between 107.80 support and 109.33 resistance
The expected trend for today: Bearish
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