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USDJPY keeps its negative stability – Analysis - 23-01-2018
The USDJPY pair showed new test to 111.00 level and kept its stability below it, to open today’s trading with bearish bias that hints resuming the correctional bearish trend in the upcoming sessions, supported by the negative pressure formed by the EMA50, besides the negative signal provided now by stochastic.
Therefore, we are waiting for bearish bias in the upcoming sessions, and the next target is located at 110.15, noting that the continuation of the expected bearish trend depends on holding below 111.00 and the most important is below 111.90.
Expected trading range for today is between 109.80 support and 111.40 resistance.
Expected trend for today: Bearish
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GBPUSD hits the first target – Analysis - 23-01-2018
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