USDJPY touches the target – Analysis - 27-04-2017
Economies.com
2017-04-27 04:28AM UTC
The USDJPY pair succeeded to hit 111.65 level and keeps its stability below this level, to keep the negative effect of the double top pattern active, waiting for bouncing lower to resume the main bearish trend, supported by stochastic.
Therefore, the bearish trend will be expected in the upcoming period, and the targets begin at 110.00 and extend to go further towards 106.63, being aware that breaching 111.65 level will stop the suggested decline and leads the price to extend its gains to 113.97.
Expected trading range for today is between 110.00 support and 112.00 resistance.
Expected trend for today: Bearish
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