USDJPY presses on the support – Analysis - 14-01-2019
Economies.com
2019-01-14 04:59AM UTC
The USDJPY pair begins today’s trading with clear decline to start pressing on 108.09 level, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, reminding you that breaking the mentioned level is required to confirm rallying towards 106.77 as a next station.
Therefore, we will continue to suggest the bearish trend supported by the EMA50, unless breaching 108.55 level and holding above it, as this breach will push the price to visit 109.16 level before detecting the next destination clearly.
Expected trading range for today is between 107.30 support and 108.70 resistance
Expected trend for today: Bearish
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