Forex

The USDJPY tests the resistance – Analysis - 16-07-2019

2019-07-16 04:48:30 GMT (Economies.com)

The USDJPY pair settles below 108.10 level, to keep the negative pressure valid for the upcoming period, supported by the EMA50, waiting to visit 106.78 level mainly.

 

Stochastic loses its positive momentum gradually to support the expectations to decline, which its continuation conditions holding below 108.10.

 

The expected trading range for today is between 107.30 support and 108.60 resistance

 

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.