The USDJPY loses momentum – Analysis - 10-12-2019
Economies.com
2019-12-10 05:49AM UTC
The USDJPY pair continues to fluctuate near 108.40 level, as it faces continuous negative pressure coming by the EMA50, while stochastic loses its positive momentum clearly to enter the overbought areas.
Therefore, we believe that the chances valid to resume the bearish trend in the upcoming sessions, and the price needs to break 108.40 level to confirm rallying towards 107.45, reminding you that it is important to hold below 109.33 to continue the expected decline.
The expected trading range for today is between 107.80 support and 109.00 resistance
The expected trend for today: Bearish
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