USDJPY approaches the target – Analysis - 11-05-2018
Economies.com
2018-05-11 04:07AM UTC
The USDJPY pair provided negative trading yesterday to approach our first waited target at 109.00, and the price approaches completing forming a double top pattern that its signs appear on chart, which hints the price head to achieve more decline in the upcoming period.
In general, we will continue to suggest the bearish trend domination on the intraday and short term basis unless the price managed to breach 110.04 level and hold above it, reminding you that breaking 109.00 will lead the price to head towards 107.98 direct.
Expected trading range for today is between 108.50 support and 110.10 resistance.
Expected trend for today: Bearish
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