USDJPY completes the negative pattern – Analysis - 15-03-2018
Economies.com
2018-03-15 05:04AM UTC
The USDJPY pair declined yesterday as expected after succeeding to break the bearish flag’s support line mentioned in our last report, to approach our first main waited target at 105.54, which supports the continuation of our bearish overview on the intraday and short term basis, noting that breaking the mentioned level will extend the bearish wave to reach 104.62 as a next station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price managed to breach 107.40 level and hold above it.
Expected trading range for today is between 105.00 support and 106.70 resistance.
Expected trend for today: Bearish
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