USDJPY gathers the positive momentum – Analysis - 14-06-2018

Economies.com
2018-06-14 00:39AM UTC

The USDJPY pair shows some bearish bias to approach testing the key support base 110.04, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned support to add more strength to it.

 

Therefore, these factors encourage us to continue suggesting the bullish trend that depends on holding above the mentioned support, while its next main target located at 111.32.

 

Expected trading range for today is between 109.60 support and 111.32 resistance, 

 

Expected trend for today: Bullish

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