The USDJPY gets a negative signal – Analysis - 07-05-2019
Economies.com
2019-05-07 02:15AM UTC
The USDJPY pair tested 110.86 level and kept its stability below it, accompanied by witnessing negative overlapping signal on the four hours’ time frame, which forms negative motive that we expect to motivate the price to resume the correctional bearish trend, which its next target located at 110.08.
Therefore, we will continue to suggest the bearish trend for today unless breaching 110.86 level and holding above it, reminding you that breaking the targeted level will extend the bearish wave to reach 109.44 as a next target.
The expected trading range for today is between 109.80 support and 111.10 resistance
The expected trend for today: Bearish
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