USDJPY hits the first target – Analysis - 21-08-2018
Economies.com
2018-08-21 02:50AM UTC
The USDJPY pair succeeded to reach our first waited target at 110.60, starting today with more negative pressure to break it and settles below it, which supports the expectations of extending the bearish wave that its next target located at 109.00, waiting for more decline in the upcoming period.
Therefore, we will continue to suggest the bearish trend supported by the negative pressure formed by the EMA50, noting that the continuation of the expected decline depends on holding below 110.60.
Expected trading range for today is between 109.00 support and 110.60 resistance
Expected trend for today: Bearish
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