The USDJPY surpasses the first target – Analysis - 27-03-2020
Economies.com
2020-03-27 05:18AM UTC
The USDJPY pair traded with strong negativity yesterday to hit our first waited target at 109.06, starting today with additional strong decline to surpass this level and opens the way to head towards the next negative station at 107.68, affected by stochastic negativity that appears clearly on the daily time frame.
Therefore, the bearish trend will remain dominant in the upcoming sessions, noting that breaching 109.20 will lead the price to start recovery attempts that target testing the bearish channel’s resistance again.
The expected trading range for today is between 107.50 support and 109.20 resistance
The expected trend for today: Bearish
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