The USDJPY retests again – Analysis - 29-03-2019
Economies.com
2019-03-29 05:30AM UTC
The USDJPY pair returns to retest the key resistance levels between 110.76 and 110.86 again, accompanied by stochastic move at the overbought areas, waiting to motivate the price to rebound bearishly to resume the correctional bearish trend, which its targets begin at 110.08 and extend to 109.40 after breaking the previous level.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis unless breaching the above mentioned resistance levels.
The expected trading range for today is between 110.00 support and 111.20 resistance
The expected trend for today: Bearish
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