USDJPY at the channel’s support – Analysis - 05-07-2018
Economies.com
2018-07-05 03:36AM UTC
The USDJPY pair fluctuates around the EMA50, moving near the bullish channel’s support line that appears on the chart, and as long as the price is above 110.04, our bullish overview will remain active, waiting to visit 111.32 level as a next station, noting that breaking 110.04 will press on the price to return to the main bearish track again, which its first target located at 109.00.
Expected trading range for today is between 109.70 support and 111.32 resistance,
Expected trend for today: Bullish
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