USDJPY achieves strong gains – Analysis - 12-07-2018

The USDJPY pair rallied upwards strongly to succeed breaching 111.32 level and achieves our next waited target at 112.00, noticing that the price surpasses this level to open the way to head towards our next station that reaches 113.38.

Therefore, our bullish overview will remain valid efficiently, and the price is organized inside the bullish channel that appears on the chart, noting that the continuation of the expected rise depends on holding above 111.32.

Expected trading range for today is between 111.50 support and 113.00 resistance, 

Expected trend for today: Bullish