The USDJPY tests the resistance – Analysis - 17-05-2019
Economies.com
2019-05-17 00:44AM UTC
The USDJPY pair returns to rise and approach the key resistance 110.08, accompanied by stochastic loss to the positive momentum and reach the overbought areas, while the EMA50 forms negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which its next main target located at 108.80, while holding below 110.08 represents key condition to continue the suggested decline.
The expected trading range for today is between 109.00 support and 110.40 resistance
The expected trend for today: Bearish
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