The USDJPY completes the negative pattern – Analysis - 04-10-2019
Economies.com
2019-10-04 04:48AM UTC
The USDJPY pair succeeded to achieve our first waited target at 106.70, and completed forming the double top pattern that its signs appear on the chart, to support the expectations of extending the bearish wave on the intraday and short term basis, on its way to achieve negative targets that reach 106.06 followed by 105.50.
Therefore, we are waiting for more decline in the upcoming sessions unless the price rallied to breach 107.70 and hold above it.
The expected trading range for today is between 105.80 support and 107.50 resistance
The expected trend for today: Bearish
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