USDJPY resumes the decline – Analysis - 16-03-2018
Economies.com
2018-03-16 05:01AM UTC
The USDJPY pair begins today’s trading with new bearish bias after testing the EMA50 yesterday, noticing that stochastic provides negative overlapping signal on the four hours’ time frame, which forms negative motive that we expect to assist to push the price to break 105.54 level and open the way to head towards our extended target that reaches 104.62.
Therefore, we will keep our bearish overview for today conditioned by the price stability below 107.40.
Expected trading range for today is between 105.00 support and 106.60 resistance.
Expected trend for today: Bearish
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