Daily analysis of USD/JPY for March 05, 2018



The USD/JPY pair succeeded to achieve our next waited target at 105.54 and has settled around it now. Please note that the price begins today with a bearish bias to move below the mentioned level that supports the chance of extending the bearish wave on the short-term basis. We are waiting until the pair heads towards our next target at 104.31. Therefore, our bearish overview will remain active in the upcoming period on condition of the stability below 106.60. Be aware that the EMA50 supports the suggested bearish wave. The expected trading range for today is between 104.50 support and 106.00 resistance.

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