USDJPY faces the moving average – Analysis - 22-11-2018
Economies.com
2018-11-22 05:06AM UTC
The USDJPY pair tests the previously broken support of the bullish channel that appears on the chart, and the EMA50 keeps pressing negatively on the price, while stochastic provides negative signals now.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, which targets 112.46 followed by 111.97 levels as next main stations, while holding below 113.56 represents the most important condition to continue the expected decline.
Expected trading range for today is between 112.00 support and 113.56 resistance
Expected trend for today: Bearish
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