USDJPY completes a positive pattern – Analysis - 17-07-2018

Economies.com
2018-07-17 02:50AM UTC

The USDJPY pair resumes its positive trading by today’s opening, and by taking a deeper look at the chart, we find that the price completed forming a bullish flag pattern that appears on the minor image, which forms positive motive that we expect to assist to rally the price towards our waited target at 113.38.

 

Therefore, the bullish trend will remain suggested in the upcoming sessions conditions by the price stability above 111.32.

 

Expected trading range for today is between 111.70 support and 113.50 resistance

 

Expected trend for today: Bullish

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