USDJPY resumes the decline – Analysis - 26-07-2018
Economies.com
2018-07-26 03:45AM UTC
The USDJPY pair provided negative trading yesterday to move away from 111.32 level, which supports the continuation of our bearish overview in the upcoming sessions after breaking the bullish channel’s support line that appears on the chart, waiting to test 110.04 level as a first target.
The EMA50 forms negative pressure that supports the expected decline, which its continuation conditions holding below 111.32 level, noting that breaking 110.04 level will push the price towards 109.00 as a next station.
Expected trading range for today is between 110.00 support and 111.40 resistance
Expected trend for today: Bearish
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