USDJPY tests the support – Analysis - 13-09-2018
Economies.com
2018-09-13 03:52AM UTC
The USDJPY pair bounced bearishly yesterday to start testing the key support 111.16, and as we mentioned in our last report, breaking this level is required to confirm extending the bearish wave towards our next target at 109.90.
Until now, the bearish trend scenario still active, depending on the price stability below 111.65 resistance, noting that stochastic current positivity might cause some sideways fluctuation and new test to the mentioned resistance before resuming the bearish bias again.
Expected trading range for today is between 110.50 support and 112.00 resistance
Expected trend for today: Bearish
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