The USDJPY breaks the support – Analysis - 28-01-2020
Economies.com
2020-01-28 05:59AM UTC
The USDJPY pair keeps its stability below 109.33 level, to keep the negative pressure valid for the upcoming period, which targets testing 108.40 level mainly.
We remind you that the chances valid to rebound bullishly after testing the mentioned level to resume the main bullish trend, noting that breaching 109.33 will stop the expected decline and leads the price to regain the main bullish track, while breaking 108.40 represents negative factor that will force the price to achieve more decline on the intraday and short term basis.
The expected trading range for today is between 108.40 support and 109.70 resistance
The expected trend for today: Bearish
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