USDJPY tests the resistance – Analysis - 05-09-2018
Economies.com
2018-09-05 04:31AM UTC
The USDJPY pair rallied upwards yesterday to test the key resistance 111.65 and settles there, as the price keeps its stability below this level, which keeps the chances valid to resume the recently suggested bearish trend, which its targets begin by breaking 111.15 level to open the way to target 110.35 followed by 109.90 levels as next main stations.
On the other hand, we should note that breaching 111.65 will turn the intraday track to rise, to start the positive targets at 112.00 and extend to 113.18.
Expected trading range for today is between 110.70 support and 112.00 resistance
Expected trend for today: Bearish
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