USDJPY resumes the decline – Analysis - 06-12-2018
Economies.com
2018-12-06 05:11AM UTC
The USDJPY pair provided positive attempt yesterday but it faced solid resistance formed by the EMA50, to rebound bearishly and resume the expected bearish trend on the intraday basis, approaching our first negative target at 112.46, noting that breaking this level will push the price to 111.97 direct.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, motivated by the negative signal provided now by stochastic, reminding you that it is important to hold below 113.56 to continue the expected decline.
Expected trading range for today is between 112.00 support and 113.20 resistance
Expected trend for today: Bearish
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