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USDJPY






8/9/2017 12:37:18 AM

USDJPY - Technical Analysis: Wednesday, 09/08/2017 04:37 GMT



The USDJPY pair succeeded to reach the important support 109.90, showing more decline now to break this level and attempts to settle below it, supporting the expectations of continuing the bearish trend on the short term basis, waiting to head towards our next target at 107.83.

Thus, the bearish trend will remain expected, supported by the negative pressure formed by the bearish trend line that appears on the chart below, noting that settling below 110.30 represents the first condition to continue the expected decline.


Target
Risk


Support
Resistance


Trend Bearish

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