USD JPY around the retest level – Analysis - 30/03/2015
Economies.com
2015-03-30 04:57AM UTC
The USDJPY pair continues to fluctuate near the retest level of the double top pattern’s broken neckline that appears in the image and the price needs to settle below this level- located at 119.30- for the continuation of the expected bearish bias on the intraday basis, waiting for heading towards 117.90 then 116.55 levels in the upcoming period.
The EMA50 supports the bearish trend expectations, while stochastic is clearly positive now which might keep the sideways fluctuation valid for a while before resuming the expected bearish trend.
Expected trading range for today is between 117.90 support and 120.00 resistance.
Expected trend for today: Bearish
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