The USDJPY crawls downwards – Analysis - 01-05-2019
Economies.com
2019-05-01 03:42AM UTC
The USDJPY pair shows negative trades to gradually crawl towards our main waited target at 110.86, noticing that stochastic begins to lose the positive momentum gradually, to support the expectations of continuing the bearish trend in the upcoming sessions, noting that breaking the mentioned level will extend the bearish wave to reach 110.80.
The EMA50 supports the expectations to decline, which its continuation conditions holding below 112.14.
The expected trading range for today is between 110.80 support and 112.00 resistance
The expected trend for today: Bearish
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