USDJPY attempts to recover – Analysis - 11-01-2019

2019-01-11 04:40:20 GMT (Economies.com)
USDJPY attempts to recover – Analysis - 11-01-2019
 

The USDJPY pair provided positive trades yesterday to move above 108.09, but the price begins today with bearish bias affected by the negative signal that appears on stochastic, besides that the EMA50 keeps pressing negatively on the price.

 

Therefore, we believe that the chances are valid to trade negatively today, and breaking 108.09 will reinforce the expectations of heading towards 106.77 that represents our next main target, noting that breaching 108.50 will push the price to test 109.16 before any new negative attempt.

 

Expected trading range for today is between 107.30 support and 109.00 resistance

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1357
-0.0014
0.1231%
1.2688
-0.0052
0.4078%
15.294
-0.048
0.310%
58.858
1.255
2.179%
65.05
0.19
0.29%
1411.375
12.365
0.884%
 
 
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