USDJPY fails to breach – Analysis - 10-01-2019

2019-01-10 04:57:20 GMT (Economies.com)
USDJPY fails to breach – Analysis - 10-01-2019
 

The USDJPY pair failed to breach 109.16 level, to rebound downwards strongly and break 108.09 level, noticing that the price begins today with more bearish bias to move away from the mentioned level, which stops the recently suggested correctional bullish scenario and press the price to return to the main bearish track again, on its way to achieve negative targets that begin at 106.77.

 

Therefore, the bearish trend will be suggested in the upcoming sessions unless the price managed to breach 108.09 level and hold above it again.

 

Expected trading range for today is between 107.00 support and 108.40 resistance

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1382
-0.0081
0.7053%
1.2867
0.0010
0.0762%
15.551
-0.046
0.297%
51.980
0.360
0.697%
61.06
-0.26
0.42%
1291.685
3.925
0.305%
 
 
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