USDJPY declines strongly – Analysis - 21-12-2018
Economies.com
2018-12-21 05:04AM UTC
The USDJPY pair succeeded to surpass our first waited target at 111.97 and declined strongly to approach our next target mentioned yesterday at 110.40, to keep the bearish trend suggested in the upcoming period, supported by the negative pressure formed by the EMA50, waiting for more decline today.
Holding below 111.97 keeps the negative scenario valid.
Expected trading range for today is between 110.40 support and 112.00 resistance
Expected trend for today: Bearish
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