USDJPY awaits the confirmation – Analysis - 17-08-2018

The USDJPY pair still stuck between the trend confirmation levels represented by 110.60 support and 111.32 resistance, waiting to breach one of these levels to detect the next targets clearly, to continue with our neutrality until now.

We remind you that breaking the support will put the price under negative pressure that targets 110.04 followed by 109.00 levels as initial main stations, while breaching the resistance will push the price to achieve gains that start at 112.10 and extend to 113.38 after surpassing the previous level.

Expected trading range for today is between 110.00 support and 111.70 resistance

Expected trend for today: Depends on the above mentioned levels