USDJPY surpasses the second target – Analysis - 19-12-2018

The USDJPY pair managed to break 112.46 level and holding below it, to open the way towards our next target that located at 111.97, and monitoring the price when reaching this level is important, where breaking it will cause an extension in the bearish wave on the short term basis, which make the price head to reach 110.40.

Stochastic loses its positive momentum, to support the chances for the continuation of the bearish trend in the upcoming period, which will remain valid unless breaching 112.97 and the most important 113.65 and holding above it.

Expected trading range for today is between 111.50 support and 113.00 resistance

Expected trend for today: Bearish