USDJPY approaches the target – Analysis - 02-07-2018

The USDJPY pair keeps rising to approach our waited target at 111.32, reinforcing the expectations of achieving more bullish bias in the upcoming period, as the price is organized inside the bullish channel that appears on the chart, noting that breaching the mentioned level is considered as the key to extend the pair’s gains to reach 113.38.

The EMA50 supports the suggested bullish wave, noting that the continuation of the expected rise depends on holding above 110.04.

Expected trading range for today is between 110.04 support and 112.00 resistance, 

Expected trend for today: Bullish