USDJPY breaks the channel’s support – Analysis - 19-11-2018
Economies.com
2018-11-19 05:03AM UTC
The USDJPY pair managed to achieve our negative targets mentioned in our last report, noticing that the price breaks the bullish channel’s support line to open the way to extend the bearish wave on the short term basis, targeting heading towards 112.46 followed by 111.97 levels as next main stations.
Therefore, the bearish bias will be suggested in the upcoming sessions, supported by moving below the EMA50, unless the price managed to breach 113.56 level and hold above it.
Expected trading range for today is between 111.80 support and 113.40 resistance
Expected trend for today: Bearish
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