USDJPY finds solid support – Analysis - 08-05-2018
Economies.com
2018-05-08 03:26AM UTC
The USDJPY pair fluctuates around 109.00 level and keeps its stability below it, and the price finds difficulty to break the bullish channel’s support line until now, noticing that stochastic provides negative signals that we expect to motivate the price to break the mentioned support.
Until now, the bearish trend scenario still active as long as the price remains stable below 109.00, noting that our next main target is located at 107.98.
Expected trading range for today is between 107.90 support and 109.60 resistance.
Expected trend for today: Bearish
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