The USDJPY resumes the decline – Analysis - 06-12-2019
Economies.com
2019-12-06 05:45AM UTC
The USDJPY pair started to rebound bearishly after testing the EMA50 in the previous sessions, to support the expectations of continuing the bearish trend, waiting to test 108.40 level initially, noting that breaking this level will push the price towards 107.45 direct.
Therefore, the bearish trend will remain valid and active for the upcoming period unless the price rallied to breach 109.33 level and hold above it.
The expected trading range for today is between 107.80 support and 109.33 resistance
The expected trend for today: Bearish
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