USDJPY under the negative pressure – Analysis - 29-12-2017
Economies.com
2017-12-29 05:14AM UTC
The USDJPY pair broke 113.00 level and settled below it, which puts the price under the correctional bearish pressure again, starting to test the minor bullish channel's support that appears on the chart, noting that breaking its support at 112.65 will push the price towards 111.90 direct.
Therefore, the bearish trend will be suggested in the upcoming sessions supported by moving below the EMA50, noting that breaching 113.00 will stop the expected decline and push the price to regain its main bullish track again.
Expected trading range for today is between 111.90 support and 113.30 resistance.
Expected trend for today: Bearish
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