The USDJPY touches the first target – Analysis - 08-08-2019
Economies.com
2019-08-08 05:09AM UTC
The USDJPY pair managed to touch our first waited target at 105.50 and rebounds bullishly from there, on its way to test 106.40 level that represents initial resistance against the price, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the main bearish trend, which its targets begin by surpassing 105.50 to confirm extending the bearish wave towards 104.60.
Therefore, our bearish overview will remain valid for today conditioned by the price stability below 106.97.
The expected trading range for today is between 105.30 support and 106.90 resistance
The expected trend for today: Bearish
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