USDJPY breaks the support – Analysis - 23-07-2018
Economies.com
2018-07-23 04:04AM UTC
The USDJPY pair suffered strong losses on last Friday, opening today with more decline to break the bullish channel’s support line that appears on the chart, which stops the recently suggested positive scenario and push the price to turn to decline, targeting visiting 110.04 level as a next main station.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 111.32 and hold with a daily close above it.
Expected trading range for today is between 110.04 support and 111.50 resistance
Expected trend for today: Bearish
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