Daily analysis of USD/JPY for December 19, 2017

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Overview

The USD/JPY pair provided slightly positive trades yesterday to test the EMA50, which forms negative pressure that supports the chances of continuing the decline in the upcoming period. In general, we will continue to suggest the bearish trend for today conditioned by holding below 113.00, reminding you that the expected targets begin at 111.90 and extend to 111.00 after breaking the previous level. The expected trading range for today is between 111.70 support and 113.30 resistance.

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