USDJPY loses momentum – Analysis - 14-04-2017
Economies.com
2017-04-14 03:00AM UTC
The USDJPY pair settles around 109.00 level, and the negative effect of the double top pattern still active, which keeps our bearish overview valid until now, waiting to target 106.63 level as a next main station.
The EMA50 keeps supporting the suggested bearish wave, while stochastic loses its positive momentum gradually to support the decline expectations, which will remain valid unless breaching 110.10 level and hold above it.
Expected trading range for today is between 108.00 support and 110.10 resistance.
Expected trend for today: Bearish
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