USDJPY attempts positively – Analysis - 11-12-2018
Economies.com
2018-12-11 05:24AM UTC
The USDJPY pair provided clear positive trades yesterday to breach 112.96 level and settles below it, but it’s still below the broken support of the bullish channel, noticing that stochastic shows overbought signals now, which supports the chances of resuming the recently suggested bearish bias, which depends on the price stability below 113.56, while its next target located at 111.97.
Expected trading range for today is between 112.30 support and 113.70 resistance
Expected trend for today: Bearish
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