USDJPY resumes the decline – Analysis - 03-01-2018
Economies.com
2018-01-03 04:59AM UTC
The USDJPY pair bounced downwards clearly yesterday to resume its correctional bearish track, approaching our first waited target at 111.90, as the price falls under negative pressure provided by the EMA50, while it shows some calm rise now, affected by stochastic current positivity.
In general, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 113.00 level and holding above it, reminding you that breaking 111.90 will push the price towards 111.00 direct.
Expected trading range for today is between 111.50 support and 113.00 resistance.
Expected trend for today: Bearish
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