USDJPY retests – Analysis - 22-08-2018
Economies.com
2018-08-22 04:38AM UTC
The USDJPY pair retested 110.60 level and bounced bearishly from there, which keeps the bearish trend scenario active until now, affected by the previously completed double top pattern, noticing that stochastic provides negative signal that we are waiting to motivate the price to break 110.04 level and open the way to head towards 109.00 that represents our next target.
Therefore, we will keep our bearish overview for today unless breaching 110.60 level and holding above it.
Expected trading range for today is between 109.50 support and 111.00 resistance
Expected trend for today: Bearish
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