USDJPY achieves some gains – Analysis - 15-05-2018
Economies.com
2018-05-15 03:00AM UTC
The USDJPY pair traded with clear positivity yesterday to approach the key resistance 110.04, and as long as the price is below this level, our bearish overview will remain active, supported by stochastic move at the overbought areas, waiting to break 109.00 level to confirm opening the way to head towards 107.98.
Note that breaching 110.04 will push the price to extend its gains towards 111.31 direct.
Expected trading range for today is between 108.80 support and 110.30 resistance.
Expected trend for today: Bearish
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