The USDJPY presses on the support – Analysis - 04-11-2019
Economies.com
2019-11-04 05:50AM UTC
The USDJPY pair attempted to break the bullish channel’s support line but it could not manage to hold below it, to keep the price stuck between the trend confirmation levels represented by the support line that rises now to 108.15 and 108.40 resistance, as the price needs to breach one of these levels to detect its next destination clearly.
We remind you that breaking the mentioned support will push the price to visit 107.45 followed by 106.30 levels as main negative targets, while breaching the resistance will lead the price to resume the correctional bullish trend that its next target located at 109.33.
The expected trading range for today is between 107.30 support and 109.00 resistance
The expected trend for today: Neutral
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