USDJPY resumes the decline – Analysis - 28-12-2018

2018-12-28 04:57:18 GMT (Economies.com)
USDJPY resumes the decline – Analysis - 28-12-2018
 

The USDJPY pair bounced bearishly yesterday to approach 110.38 level now, falling under continuous negative pressure that comes by the EMA50, to support the chances of breaking the mentioned level and open the way to head towards our waited targets at 109.75 followed by 109.35.

 

Therefore, the bearish trend will remain active in the upcoming period conditioned by the price stability below 111.97.

 

Expected trading range for today is between 109.75 support and 111.00 resistance

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1240
-0.0033
0.2905%
1.2460
-0.0115
0.9117%
15.996
0.778
5.112%
56.657
-3.675
6.091%
63.61
-0.05
0.08%
1420.910
5.415
0.383%
 
 
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