USDJPY loses momentum – Analysis - 16-11-2018
Economies.com
2018-11-16 05:05AM UTC
The USDJPY pair settles below 113.56 level, accompanied by stochastic approach to the overbought areas, which supports the continuation of our bearish overview on the intraday basis, which targets testing 112.96 – 112.75 areas before turning back to resume the bullish trend again.
We remind you that breaking the mentioned support lines will force the price to force more losses and head towards 111.97, while breaching 113.56 and holding above it will reactivate the main bullish trend scenario again.
Expected trading range for today is between 112.60 support and 114.00 resistance
Expected trend for today: Bearish
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