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USDJPY






4/6/2017 12:57:54 AM

USDJPY - Technical Analysis: Thursday, 06/04/2017 04:57 GMT



The USDJPY pair returns to decline after touching the intraday bearish trend line, which formed good resistance that forced the price to decline again to approach from our main target at 109.94, reminding you that breaking this level will push the price to visit 61.8% Fibonacci correction level at 107.88.

Thus, the bearish trend will remain expected for the coming period unless the price rallied to surpass 112.00 level and settles above it, which will lead the price for recovery attempts that target 114.54 mainly.


Target
Risk


Support
Resistance


Trend Bearish

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