USDJPY breaks the support – Analysis - 29-10-2018
Economies.com
2018-10-29 04:22AM UTC
The USDJPY pair traded with strong negativity on last Friday’s evening to break 111.97 level and settles below it, which stops the recently suggested positive scenario and puts the price under expected negative pressure for the upcoming period, targeting visiting 111.00 followed by 110.38 levels as next main stations.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 111.97 followed by 112.20 levels and hold above them.
Expected trading range for today is between 111.00 support and 112.50 resistance
Expected trend for today: Bearish
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