Forex

The USDJPY within sideways track – Analysis - 23-08-2019

2019-08-23 03:06:57 GMT (Economies.com)

The USDJPY pair shows sideways trading and settles near 106.70, and as long as the price is below this level, our bearish overview will remain valid, as breaching this level will push the price for more bullish correction that its next targets reach 107.70, while the expected bearish wave targets begin by breaking 106.06 to confirm heading towards 105.05 as a next station.

 

The expected trading range for today is between 105.70 support and 107.00 resistance

 

The expected trend for today: Bearish

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