The USDJPY resumes the decline – Analysis - 28-03-2019
Economies.com
2019-03-28 04:58AM UTC
The USDJPY pair bounced downwards clearly after retesting 110.76 areas yesterday, to reach our first waited target at 110.08, and as we mentioned in our last report, the price needs to break this level to confirm rallying towards our next target at 109.40.
Therefore, our bearish overview will remain active for the upcoming period, supported by the negative pressure formed by the EMA50, noting that holding below 110.76 – 110.86 levels is important to continue the expected decline.
The expected trading range for today is between 109.40 support and 110.76 resistance
The expected trend for today: Bearish
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