USDJPY touches the support – Analysis - 16-10-2018
Economies.com
2018-10-16 04:19AM UTC
The USDJPY pair managed to touch the bullish channel’s support line that appears on the chart, but it found solid support base there, to start bouncing upwards, hinting the price head to resume the bullish trend within the mentioned channel, especially that stochastic provides clear positive signals now.
Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 111.60 level and holding with a daily close below it, noting that the main targets begin at 112.95 and extend to 113.56.
Expected trading range for today is between 111.30 support and 112.95 resistance
Expected trend for today: Bullish
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