The USDJPY draws minor negative pattern – Analysis - 09-04-2019

Economies.com
2019-04-09 04:12AM UTC

The USDJPY pair returns to test the key support 111.35 again, noticing that the price draws negative pattern that might press on the price to test the most important support at 110.86 before turning back to rise again.

 

Until now, the main bullish trend scenario still active unless breaking the above mentioned support line, noting that the EMA50 attempts to protect the suggested positive scenario, which its next main target located at 112.14.

 

The expected trading range for today is between 110.86 support and 112.14 resistance

 

The expected trend for today: Bullish

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