USDJPY touches the resistance – Analysis - 04-10-2018

2018-10-04 03:58:47 GMT (Economies.com)
USDJPY touches the resistance – Analysis - 04-10-2018
 

The USDJPY pair managed to touch the intraday bullish channel’s resistance that appears on the chart, showing some sideways fluctuation affected by stochastic negativity, waiting to get enough positive momentum to push the price to continue the overall bullish trend, which its next main target located at 115.50.

 

In general, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 113.70, supported by the EMA50 that keeps carrying the price from below.

 

Expected trading range for today is between 113.70 support and 115.20 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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