USDJPY keeps its negative stability – Analysis - 25-07-2018

Economies.com
2018-07-25 03:40AM UTC

The USDJPY pair keeps its stability below 111.32 level, to keep the negative pressure valid until now, which targets visiting 110.04 level as a next main station, supported by the negative pressure formed by the EMA50.

 

Therefore, we will continue to suggest the bearish trend for today unless breaching 111.32 level and holding with a daily close above it, as breaching this level will open the way to achieve gains that reach 113.38 on the near term basis.

 

Expected trading range for today is between 110.30 support and 112.00 resistance

 

Expected trend for today: Bearish

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