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USDJPY






5/15/2017 4:32:44 AM

USDJPY - Technical Analysis: Monday, 15/05/2017 08:32 GMT



The USDJPY pair broke the intraday ascending channel's support, which might force the price to provide some negative trades on the intraday basis to test 112.00 again, reminding you that breaking this level will put the price within the correctional bearish track again.

Thus, the bearish trend will be expected for the coming period, noting that surpassing 113.95 will stop the expected negative pressure and lead the price to return to rise again.


Target
Risk


Support
Resistance


Trend Bearish

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