The USDJPY within tight track – Analysis - 28-05-2019
Economies.com
2019-05-28 01:31AM UTC
The USDJPY pair hovers around 109.44 level, noticing that stochastic loses its positive momentum to reach the thresholds of the overbought areas, which supports the chances of resuming the expected bearish trend for the upcoming period, which its next target located at 108.80.
The EMa50 supports the suggested bearish wave, which its continuation conditions holding below 110.08.
The expected trading range for today is between 108.80 support and 109.80 resistance
The expected trend for today: Bearish
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