The USDJPY hovers around the resistance – Analysis - 21-05-2019
Economies.com
2019-05-21 00:46AM UTC
The USDJPY pair continues to fluctuate around 110.08 level and still below it, which makes us keep our bearish overview on the intraday and short term basis, which targets 109.44 followed by 108.80 levels as next main stations.
We remind you that breaching 110.08 and holding above it will lead the price to start recovery attempts and regain the main bullish trend again, as the positive targets begin at 110.86 and extend to 112.00 areas after breaching the previous level.
The expected trading range for today is between 109.20 support and 110.60 resistance
The expected trend for today: Bearish
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