USDJPY leans on the support – Analysis - 03-10-2018

2018-10-03 04:01:43 GMT (Economies.com)
USDJPY leans on the support – Analysis - 03-10-2018
 

The USDJPY pair touched the bullish channel’s support line that appears on the chart and rebounds upwards clearly from there, accompanied by stochastic reach to the oversold areas, while the EMA50 keeps carrying the price from below.

 

Therefore, we believe that the chances are valid to continue rising in the upcoming sessions, reminding you that our next main target is located at 114.75, while achieving it conditions holding above 113.18.

 

Expected trading range for today is between 113.20 support and 114.75 resistance

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1595
0.0050
0.4335%
1.3189
0.0102
0.7809%
14.720
0.123
0.846%
71.210
-0.274
0.383%
80.45
-0.33
0.41%
1229.935
12.275
1.008%
 
 
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