USDJPY awaits the confirmation – Analysis - 07-08-2018
Economies.com
2018-08-07 04:18AM UTC
The USDJPY pair fluctuated around 111.32 level yesterday without managing to confirm breaking it, to keep the price stuck between this support and 111.75 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next targets clearly.
We remind you that breaking the above mentioned support will push the price to decline towards 110.04 initially, while breaching the resistance will lead the price to resume the short term bullish trend, which targets 113.38 areas as a next main station.
Expected trading range for today is between 110.50 support and 112.00 resistance
Expected trend for today: Neutral
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