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USDJPY






8/22/2017 12:52:24 AM

USDJPY - Technical Analysis: Tuesday, 22/08/2017 04:52 GMT



The USDJPY pair shows recovery attempts now after 108.60 formed strong support against the price recent negative attempts, which might push trades to test 109.90 before turning back to decline again.

Overall, the price stability below 109.90 will keep the bearish trend expected for the coming period, which its next target located at 107.83, noting that surpassing 109.90 will push the price to achieve more gains that reach to 111.00 on the near term basis.


Target
Risk


Support
Resistance


Trend Bearish

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