The USDJPY begins negatively – Analysis - 18-06-2019
Economies.com
2019-06-18 04:32AM UTC
The USDJPY pair begins today’s trading with clear negativity to attack the intraday bullish channel’s support that appears on the chart, to start activating the negative effect of the bearish flag pattern formed by this channel, which supports our expectations to continue the bearish trend efficiently in the upcoming sessions, reinforcing the chances of surpassing 108.00 level to rally towards 106.75 as a next main target.
Therefore, the bearish trend will remain valid and dominant in the upcoming period unless breaching 108.80 level and holding above it.
The expected trading range for today is between 107.50 support and 108.80 resistance
The expected trend for today: Bearish
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