USDJPY gathers the positive momentum – Analysis - 09-07-2018

Economies.com
2018-07-09 03:53AM UTC

The USDJPY pair returns to fluctuate around the bullish channel’s support line, accompanied by stochastic entering the oversold areas, noticing that the EMA50 continues to provide the positive support to the price.

 

Therefore, we believe that the chances are valid to resume the bullish trend that its next target located at 111.32, reminding you that it is important to hold above 110.04 to continue to expected rise.

 

Expected trading range for today is between 109.80 support and 111.32 resistance, 

 

Expected trend for today: Bullish

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