The USDJPY reaches the target – Analysis - 08-05-2019
Economies.com
2019-05-08 01:37AM UTC
The USDJPY pair traded with strong negativity yesterday to succeed reaching the thresholds of the main waited target at 110.08, and the price falls under continuous negative pressure that comes by the EMA50, to support the chances of breaking the mentioned level and extend the bearish wave to reach 109.44 as a next main station.
Therefore, the bearish trend will remain dominant in the upcoming sessions conditioned by the price stability below 110.86.
The expected trading range for today is between 109.40 support and 110.86 resistance
The expected trend for today: Bearish
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