USDJPY presses on the support – Analysis - 10-10-2018

The USDJPY pair tests the key support 112.96, which represents one of the next trend keys besides 113.56 resistance, and as we mentioned yesterday, the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.

We remind you that breaking the mentioned support will cause an extension to the bearish correction towards 112.46 followed by 111.97 levels, while breaching 113.56 represents the key to regain the main bullish trend that targets 114.55 level as a first station.

Expected trading range for today is between 112.30 support and 113.80 resistance

Expected trend for today: Depends on the above mentioned levels