USDJPY awaits the break – Analysis - 29-05-2018
Economies.com
2018-05-29 01:16AM UTC
The USDJPY pair provided sideways trading yesterday, and the price falls under the negative pressure formed by the EMA50, which supports the chances of breaking 109.00 level to confirm extending the bearish wave on the intraday and short term basis, reminding you that breaking this level will complete forming bearish pattern that its targets extend to reach 106.71.
Therefore, the bearish trend will remain expected in the upcoming sessions unless we witnessed clear breach and hold above 110.04.
Expected trading range for today is between 108.60 support and 110.20 resistance.
Expected trend for today: Bearish
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