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USDJPY






3/28/2017 1:41:37 AM

USDJPY - Technical Analysis: Tuesday, 28/03/2017 05:41 GMT



The USDJPY pair tests the intraday descending channel's resistance, and the negative pressure still valid, waiting to visit 109.94 level mainly, reminding you that breaking this level will push the price to extend the correctional bearish wave towards 107.88 on the near term basis.

Thus, the bearish trend will remain expected for the coming period unless surpassing 112.00 level barrier, as breaching this level will push the price to attempt to return to the main bullish trend again.


Target
Risk


Support
Resistance


Trend Bearish

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