Forex

The USDJPY keeps its negative stability – Analysis - 22-08-2019

2019-08-22 04:36:49 GMT (Economies.com)

The USDJPY pair tested 106.70 level and kept its stability below it, to start providing negative trades now, which keeps the bearish trend scenario valid on the intraday and short term basis, supported by stochastic negativity.

 

Our waited targets begin at 105.05 followed by 104.60, while holding below 106.70 represents key condition to achieve them.

 

The expected trading range for today is between 105.70 support and 107.00 resistance

 

The expected trend for today: Bearish

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