Daily analysis of USD/JPY for January 12, 2018 888011000 110888 Overview The USD/JPY pair managed to touch our second expected target at 111.00. The pair and has settled near it, falling under the result of an unfavorable development that appears on the chart. This supports the possibilities of breaking the pointed out level and opening the way to extend the bearish wave towards 110.15 as the next target. We will continue to recommend the bearish trend in the upcoming sessions, supported by the negative pressure offered by the EMA50. The bearish trend will be in progress unless we witness a clear breach to 111.90, followed by 113.00 levels and held above them. The expected trading variety for today is in between 110.30 assistance and 112.00 resistance. The material has been suppliedby InstaForex Company-www.instaforex.com

By | January 12, 2018

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