USDJPY approaches the target – Analysis - 02-05-2018
Economies.com
2018-05-02 03:54AM UTC
The USDJPY pair resumed its positive trading to approach our waited target at 110.04, and the price continues to move inside the bullish channel that appears on the chart, which supports the chances of surpassing the mentioned level followed by extending the bullish wave to reach 111.32 as a next main station.
Stochastic current negativity might force the price to provide some temporary bearish bias before resuming the expected bullish trend, to continue suggesting the bullish trend unless breaking 109.00 level and holding below it.
Expected trading range for today is between 109.00 support and 110.50 resistance.
Expected trend for today: Bullish
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