USDJPY declines strongly – Analysis - 11-10-2018

2018-10-11 04:10:54 GMT (Economies.com)
USDJPY declines strongly – Analysis - 11-10-2018
 

The USDJPY pair broke 112.96 level strongly to decline sharply towards our second negative target at 111.97, hinting that the price is on its way to achieve more decline to visit the bullish channel’s support line at 111.55.

 

Therefore, we suggest the continuation of the bearish bias domination on the intraday trading, taking into consideration that breaching 112.96 will stop the expected decline and push the price back to the main bullish track.

 

Expected trading range for today is between 111.30 support and 112.95 resistance

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1301
-0.0096
0.8384%
1.2573
-0.0130
1.0265%
14.624
0.004
0.027%
51.154
-1.091
2.088%
60.16
-1.26
2.05%
1240.015
-8.025
0.643%
 
 
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