USDJPY achieves the target – Analysis - 25-05-2018
Economies.com
2018-05-25 01:18AM UTC
The USDJPY pair traded with strong negativity yesterday to manage to touch our second target mentioned in our last report at 109.00, falling under negative pressure formed by the EMA50, to support the chances of breaking the mentioned level followed by opening the way to head towards 108.00 as a next station.
We should note that breaching 110.04 will stop the expected decline and push the price to attempt to achieve gains on the intraday and short term basis.
Expected trading range for today is between 108.30 support and 110.04 resistance.
Expected trend for today: Bearish
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