USDJPY under the negative pressure – Analysis - 19-03-2018

The USDJPY pair showed new test to the EMA50 and rebounds bearishly again, to approach our first waited target at 105.54, noting that stochastic provides negative overlapping signal now, which forms negative motive that we are waiting to assist to break the mentioned level followed by extending the bearish wave to reach 104.62.

Therefore, we will continue to suggest the bearish trend in the upcoming sessions, noting that breaching 106.10 will stop the expected decline and push the price to test 107.40 before any new attempt to resume the bearish trend.

Expected trading range for today is between 104.80 support and 106.40 resistance.

Expected trend for today: Bearish