USDJPY within sideways track – Analysis - 06-02-2019
Economies.com
2019-02-06 04:50AM UTC
The USDJPY pair shows sideways trading in the previous sessions, starting today with bearish bias to test the EMA50, but as long as the price is above 109.16, the bullish trend scenario will remain valid on the intraday basis, and the price needs to breach 110.24 level to confirm extending the bullish wave towards 111.56.
We should note that breaking 109.16 will stop the positive scenario and put the price under negative pressure that its targets begin at 108.09.
The expected trading range for today is between 109.16 support and 110.70 resistance
The expected trend for today: Bullish
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