USDJPY begins negatively – Analysis - 27-06-2018
Economies.com
2018-06-27 03:21AM UTC
The USDJPY pair begins today’s trading with bearish bias after testing 110.04 level yesterday, which keeps the bearish trend scenario valid on the intraday and short term basis, supported by the negative signal that appears clearly on stochastic, waiting to visit 109.00 level initially.
Breaking the mentioned level will push the price towards 108.00 as a next target, while the price needs to hold below 110.04 to continue the expected decline.
Expected trading range for today is between 109.00 support and 110.40 resistance,
Expected trend for today: Bearish
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