USDJPY breaks the support – Analysis - 20-08-2018
Economies.com
2018-08-20 03:00AM UTC
The USDJPY pair broke 110.60 level clearly and closed last week below it, to reactivate the negative effect of the double top pattern that appears on the chart, waiting for more decline in the upcoming period.
Therefore, the bearish trend will be suggested for today, and the targets begin at 110.04 and extend to 109.00 after breaking the previous level, noting that holding below 110.60 is important to continue the expected bearish bias.
Expected trading range for today is between 109.50 support and 111.10 resistance
Expected trend for today: Bearish
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