USDJPY declines again – Analysis - 09-01-2018
Economies.com
2018-01-09 04:56AM UTC
The USDJPY pair bounced downwards clearly after failing to return to the bullish channel that appears on the chart, besides the affection by stochastic negativity, to return to the correctional bearish track and moves below 113.00, waiting to visit 111.90 as a next station.
Therefore, the bearish trend will be expected in the upcoming sessions, and breaking the targeted level will extend the bearish wave to reach 111.00 direct, while holding below 113.00 forms key condition to continue the suggested decline.
Expected trading range for today is between 111.70 support and 113.40 resistance.
Expected trend for today: Bearish
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