USDJPY retests – Analysis - 31-05-2018
Economies.com
2018-05-31 00:57AM UTC
The USDJPY pair retests 109.00 level, and resumes the negative effect to keep negative effect of the head and shoulders’ pattern active, waiting to target 108.00 again, reminding you that breaking this level will push the price towards bearish attempts.
The EMA50 forms negative pressure to support the expected decline, besides stochastic move inside the overbought areas, noting that breaching 109.00 level will push the price to start recovery attempts that target 110.04 initially.
Expected trading range for today is between 108.00 support and 110.50 resistance,
Expected trend for today: Bearish
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