USDJPY fails to settle positively – Analysis - 27-08-2018

Economies.com
2018-08-27 04:28AM UTC

The USDJPY pair could not manage to hold for long time above 111.32 level, to trade negatively and approach the EMA50 now, which puts the price under expected negative pressure in the upcoming period, to start the negative targets at 110.04.

 

Surpassing the EMA50 will confirm the continuation of the decline for today, noting that breaching 111.32 and holding above it again will reactivate the bullish trend scenario that its next main target located at 113.38.

 

Expected trading range for today is between 110.20 support and 111.80 resistance

 

Expected trend for today: Bearish

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