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

2019-07-16 04:48:30 GMT (

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

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