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USDJPY






8/21/2017 12:34:17 AM

USDJPY - Technical Analysis: Monday, 21/08/2017 04:34 GMT



The USDJPY pair found good support at the previously breached bearish trend line as appears on the chart below, showing negative signals now on its way to resume the bearish trend again, and the price needs to break 108.60 to confirm extending the bearish wave towards 107.83 as a next target.

Thus, the bearish trend will remain expected in the coming period unless surpassing 109.90 and settling with a daily close above it.


Target
Risk


Support
Resistance


Trend Bearish

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