The USDJPY reaches the first target – Analysis - 04-12-2019
Economies.com
2019-12-04 05:50AM UTC
The USDJPY pair provided extra negative trading to reach the waited targets thresholds at 108.40, and the price is under the negative pressure that comes from the EMA50, to support the chances for breaking the mentioned level and opening the way towards the continuation of the decline in the upcoming period, where the next target is located at 107.45.
Therefore, we prefer the continuation of the bearish trend domination on the upcoming trading unless the price rallies to breach 109.33 level and holding above it.
The expected trading range for today is between 107.80 support and 109.00 resistance
The expected trend for today: Bearish
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