USDJPY attempts positively – Analysis - 30-11-2016
Economies.com
2016-11-30 05:15AM UTC
The USDJPY pair returned to show positive trades yesterday approaching from the key resistance 113.88, but it faces difficulty to return to the previously broken bullish channel that appears on chart, which keeps the chances valid to resume the expected bearish bias for the upcoming period, waiting to test 110.88 level initially.
Therefore, we will continue to suggest the bearish trend for today unless the price managed to breach 113.88 level and hold above it, which will lead the price to resume its short term bullish track, noting that breaking 110.88 will extend the correctional bearish wave to reach 109.05 direct.
Expected trading range for today is between 111.00 support and 113.88 resistance.
Expected trend for today: Bearish
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