The USDJPY gets a negative signal – Analysis - 19-04-2019
Economies.com
2019-04-19 03:59AM UTC
The USDJPY pair shows sideways and tight trades recently, keeping its stability below 112.14, noticing that stochastic begins to provide negative overlapping signal on the four hours’ time frame, which forms motive that we are waiting to push the price to resume the expected bearish trend for the upcoming period, which targets 111.45 followed by 110.86 levels mainly.
We should note that breaching 112.14 will stop the expected decline and push the price to resume the bullish trend on the short term basis.
The expected trading range for today is between 111.10 support and 112.60 resistance
The expected trend for today: Bearish
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