The USDJPY declines again – Analysis - 11-07-2019
Economies.com
2019-07-11 04:24AM UTC
The USDJPY pair failed to breach 108.93 level, to rebound downwards strongly and breaks 108.10 level and settles below it now, which stops the correctional bullish scenario and press on the price to resume the main bearish track again, paving the way to visit the recently recorded low at 106.78 as a next main station.
Therefore, the bearish trend will remain expected in the upcoming sessions unless the price managed to breach 108.10 level and hold above it again.
The expected trading range for today is between 107.00 support and 108.50 resistance
The expected trend for today: Bearish
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