The USDJPY returns to decline – Analysis - 09-10-2019

Economies.com
2019-10-09 04:38AM UTC

The USDJPY pair declined yesterday to settle below 107.20, and it is under the negative pressure that comes from the EMA50, which supports the continuation of the expected bearish trend scenario in the upcoming period, and its targets begin by breaking 106.70 level to confirm the extension of the bearish wave towards 106.06 then 105.50.

 

On the other hand, you should be aware that breaching 107.70 will stop the expected decline and leads the price to turn to the upside.

 

The expected trading range for today is between 106.50 support and 107.90 resistance

 

The expected trend for today: Bearish

 

 

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