The USDJPY resumes the decline – Analysis - 15-08-2019

Economies.com
2019-08-15 03:47AM UTC

The USDJPY pair traded with clear negativity yesterday after testing 106.70 level, to resume the main bearish track, on its way to visit the recently recorded low at 105.05 as a first station.

 

Therefore, we will keep our bearish overview that conditions holding below 106.70, noting that the next main target reaches 104.60.

 

The expected trading range for today is between 105.00 support and 106.60 resistance

 

The expected trend for today: Bearish

 

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