USDJPY below the resistance – Analysis - 29-08-2018

Economies.com
2018-08-29 05:17AM UTC

The USDJPY pair keeps its stability below 111.32 level, to keep the bearish trend valid until now, supported by stochastic approach to the overbought areas, waiting to break 110.95 level to ease the mission of heading towards our next main target at 110.04, reminding you that the continuation of the expected decline depends on holding below 111.32.

 

Expected trading range for today is between 110.40 support and 111.80 resistance

 

Expected trend for today: Bearish

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