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USDJPY






4/18/2017 2:06:24 AM

USDJPY - Technical Analysis: Tuesday, 18/04/2017 06:06 GMT



The USDJPY pair approached from our waited target at 107.88 and bounced to the upside to test 109.00 barrier, noting that RSI provides negative signals that support the continuation of the overall bearish trend, which its targets begin by breaking 107.88 to open the door to head towards the next correctional level at 105.33.

Thus, the bearish trend will remain expected unless surpassing 109.94 level and settling with a daily close above it.


Target
Risk


Support
Resistance


Trend Bearish

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