The USDJPY awaits the confirmation signal – Analysis - 23-05-2019
Economies.com
2019-05-23 00:59AM UTC
The USDJPY pair still stuck between the trend confirmation levels represented by 110.08 support and 110.86 resistance, to keep our neutrality valid until now, waiting to breach one of these levels to detect its next targets clearly, reminding you that breaking the support will put the price under the correctional bearish pressure again, to start the negative targets at 109.44 and extend to 108.80, while breaching the resistance represents the key to regain the main bullish trend and target 112.14 areas initially.
The expected trading range for today is between 109.60 support and 111.20 resistance
The expected trend for today: Neutral
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