USDJPY faces solid support – Analysis - 17-12-2018
Economies.com
2018-12-17 05:03AM UTC
The EMA50 continues to form solid support base against the USDJPY pair’s attempts to decline, to continue fluctuating near 113.56 resistance, keeping its stability below it, to keep the bearish trend scenario valid until now, depending on the price stability below the main bullish channel’s support line, waiting to target 112.96 followed by 112.46 levels initially.
We should note that breaching 113.56 followed by 113.90 levels will stop the suggested decline and lead the price to return to the main bullish track again.
Expected trading range for today is between 112.60 support and 114.00 resistance
Expected trend for today: Bearish
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