The USDJPY tests the previous top – Analysis - 17-04-2019
Economies.com
2019-04-17 03:34AM UTC
The USDJPY pair made a new test to 112.14 level and bounced lower from there, keeping the bearish trend valid and preferred on the intraday basis, supported by the negative overlapping signal that comes from stochastic now, waiting for heading to 111.25 then 110.86 levels mainly.
Reminding you that breaching 112.14 will stop the suggested negative scenario and pushes the price to achieve new gains that reach to 113.10 on the near term basis.
The expected trading range for today is between 111.10 support and 112.60 resistance
The expected trend for today: Bearish
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