USDJPY is stable – Analysis - 04-09-2018

The USDJPY pair hovers around 111.15 level and keeps its stability below it, while stochastic moves at the overbought areas now, noticing that the EMA50 meets the mentioned level to add more strength to this resistance.

Therefore, these factors encourage us to continue suggesting the bearish trend that its next target located at 109.90, noting that achieving the waited targets requires holding below 111.15 and 111.65 levels.

Expected trading range for today is between 110.40 support and 111.65 resistance

Expected trend for today: Bearish