The USD/JPY surpasses the first target – Analysis – 12/08/2019

a-5The USDJPY pair managed to achieve our first waited target at 105.50, noticing that the price begins today with bearish bias to move below this level, which supports the expectations of extending the bearish wave on the short term basis, as our next target is located at 104.60.

Therefore, the bearish trend will remain valid and suggested for today, noting that breaching 106.00 might push the price to start new recovery attempts on the intraday basis.

The expected trading range for today is between 104.60 support and 106.00 resistance

The expected trend for today: Bearish

The USDJPY surpasses the first target – Analysis - 12-08-2019

Origin: Economies

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