The USDJPY retests – Analysis - 08-04-2019
Economies.com
2019-04-08 04:06AM UTC
The USDJPY pair begins today’s trading with clear negativity to retest the previously breached resistance that turns into support now at 111.35, forming the first protecting factor to the continuation of the recently suggested positive overview, waiting to resume the bullish bias that targets visiting 112.14 level mainly.
Therefore, we will keep our bullish overview unless the price continued its negative pressure to break 111.35 followed by 110.86 levels and settle below them, noting that the EMA50 keeps providing the positive support to the price.
The expected trading range for today is between 110.86 support and 112.14 resistance
The expected trend for today: Bullish
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