USDJPY hovers around the resistance – Analysis - 13-12-2018
Economies.com
2018-12-13 05:03AM UTC
The USDJPY pair returns to test 113.56 resistance after the EMA50 formed good support against the price’s negative attempts, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend valid, which targets 112.96 followed by 112.46 levels as initial stations.
We should note that breaching 113.56 and holding above it will push the price to regain the main bullish trend that its next target located at 114.55.
Expected trading range for today is between 112.60 support and 114.00 resistance
Expected trend for today: Bearish
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