USDJPY resumes the decline – Analysis - 08-08-2017
Economies.com
2017-08-08 03:58AM UTC
The USDJPY pair bounced bearishly after testing the key resistance 110.98 in the previous sessions, to resume its main bearish track, approaching from the key support 110.15, which breaking it represents the key to confirm extending the bearish wave on the short term basis, as the next target is located at 108.80.
Therefore, the bearish trend will remain suggested in the upcoming sessions supported by the EMA50, reminding you that breaching 110.98 will stop the expected decline and lead the price to achieve gains that reach to 112.32 mainly.
Expected trading range for today is between 109.50 support and 111.50 resistance.
Expected trend for today: Bearish
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