USDJPY under the negative pressure – Analysis - 05-12-2018
Economies.com
2018-12-05 05:16AM UTC
The USDJPY pair traded with strong negativity yesterday to break 112.96 level and settles below it, which puts the price under additional negative pressure in the upcoming period, targeting 112.46 followed by 111.97 levels as next main stations.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 113.56 level and hold above it.
Expected trading range for today is between 112.00 support and 113.56 resistance
Expected trend for today: Bearish
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