USDJPY closes the sessions negatively – Analysis - 20-07-2018
Economies.com
2018-07-20 01:59AM UTC
The USDJPY pair ended yesterday’s trading with strong negativity to attack the intraday bullish channel’s support line that appears on the chart, but we notice that the EMA50 forms good support to protect the price from suffering more losses, which keeps the chances valid to continue the bullish trend on the intraday and short term basis.
Therefore, we will continue to suggest the overall bullish trend unless breaking 112.10 level and holding below it, noting that our waited targets begin at 113.38 and extend to 114.65 after breaching the previous level.
Expected trading range for today is between 112.00 support and 113.38 resistance
Expected trend for today: Bullish
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