The USDJPY tests the resistance – Analysis - 23-07-2019

Economies.com
2019-07-23 05:05AM UTC

The USDJPY pair tests the key resistance 108.10 and still below it until now, which keeps the bearish trend scenario valid until now, waiting to resume the bearish bias to visit 106.78 that represents our next negative target.

 

We should note that breaching 108.10 and holding above it will push the price back to the correctional bullish track, which its next target located at 108.93.

 

The expected trading range for today is between 107.20 support and 108.50 resistance

 

The expected trend for today: Bearish

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