Forex

The USDJPY under the negative pressure – Analysis - 19-07-2019

2019-07-19 04:54:50 GMT (Economies.com)

The USDJPY pair provided clear negative trades yesterday after retesting the broken neckline of the head and shoulders’ pattern that appears on the chart, and the price falls under continuous negative pressure that comes by the EMA50, to keep the bearish trend valid and active in the upcoming sessions, which targets 106.78 mainly.

 

Holding below 108.10 is important to continue the expected decline, as breaching it will lead the price to return to the correctional bullish track again, to achieve positive targets that start at 108.93.

 

The expected trading range for today is between 106.80 support and 108.10 resistance

 

The expected trend for today: Bearish

 

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