The USDJPY attempts to recover – Analysis - 08-10-2019
Economies.com
2019-10-08 04:46AM UTC
The USDJPY pair traded positively yesterday to breach 107.20 level, approaching the key resistance 107.70 now, which urges caution from the upcoming trading, as breaching this level will stop the recently suggested negative scenario and lead the price to achieve more gains on the intraday and short term basis.
Stochastic current negativity supports the chances of resuming the negative trades to break 107.20 followed by 106.70 levels and open the way to achieve the suggested bearish wave targets, which start at 106.06 and extend to 105.50.
The expected trading range for today is between 106.50 support and 108.00 resistance
The expected trend for today: Bearish
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