The USDJPY begins positively – Analysis - 20-03-2019

2019-03-20 04:54:55 GMT (

The USDJPY pair opened today’s trading with clear rise to test the key resistance 111.67, noticing that stochastic reaches the overbought areas now, waiting to motivate the price to rebound bearishly to resume the expected bearish trend for the upcoming period, which depends on the price stability below the mentioned level.


The waited negative targets begin at 110.76 followed by 110.35, while breaching 111.67 represents the key to resume the main bullish trend to head towards areas that extend to 113.00 on the near term basis.


The expected trading range for today is between 110.76 support and 112.07 resistance


The expected trend for today: Bearish

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