The USDJPY loses momentum – Analysis - 19-08-2019
Economies.com
2019-08-19 05:15AM UTC
The USDJPY pair continues to fluctuate around the EMA50, keeping its stability below 106.70, noticing that stochastic provides negative signals on the four hours’ time frame.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, and the price needs to break 106.05 to ease the mission of heading towards our negative targets that begin at 105.05 and extend to 104.60, noting that breaching 106.70 will push the price for more bullish correction on the intraday basis.
The expected trading range for today is between 105.50 support and 106.90 resistance
The expected trend for today: Bearish
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