USDJPY within tight track – Analysis - 09-02-2017
Economies.com
2017-02-09 05:03AM UTC
The USDJPY pair keeps fluctuating within tight and sideways tarck near 112.00 level, settled within the bearish channel that appears in the image, therefore, there is no change on the expected bearish trend scenario on the intraday and short term basis, supported by the negative pressure that comes from the EMA50, waiting for heading to 110.00 as a next main station.
Reminding you that the continuation of the expected decline depends on the stability below 113.97 level.
Expected trading range for today is between 110.50 support and 113.00 resistance.
Expected trend for today: Bearish
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