The USDJPY surpasses the recent low – Analysis - 05-08-2019
Economies.com
2019-08-05 05:06AM UTC
The USDJPY pair broke 106.78 level clearly and rallies downwards strongly by today’s opening, to approach our waited negative target at 105.65, expecting the extension of the bearish wave on the short term basis to visit 104.60 as a next main station.
Therefore, the bearish trend will remain valid on the intraday and short term basis, noting that holding below 106.78 is important to continue the suggested bearish wave.
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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