The USD/JPY resumes the decline – Analysis – 19/04/2021

jy-l6The USDJPY pair shows new negative trades by today’s open to support the continuation of the recently suggested bearish trend scenario, reinforced by stochastic negativity, besides the negative pressure formed by the EMA50, waiting to head towards 107.70 that represents our next main target, reminding you that it is important hold below 109.22 to continue the expected decline.

The expected trading range for today is between 108.00 support and 109.20 resistance

The expected trend for today: Bearish

Origin: Economies

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