The USDJPY presses on the support – Analysis - 09-05-2019
Economies.com
2019-05-09 00:56AM UTC
The USDJPY pair attempts to break 110.08 level now, which supports the continuation of our bearish overview on the intraday and short term basis, noticing that stochastic loses its positive momentum gradually to crawl towards the overbought areas, waiting to motivate the price to resume the bearish bias that its next target located at 109.44.
The EMA50 supports the suggested bearish wave, which its continuation conditions holding below 110.86.
The expected trading range for today is between 109.20 support and 110.86 resistance
The expected trend for today: Bearish
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