USDJPY awaits the confirmation – Analysis - 07-03-2017
Economies.com
2017-03-07 05:17AM UTC
The USDJPY pair didn’t show any strong move since morning, to remain stuck between the next trend keys that represented by 113.55 support and 113.97 resistance, which keeps our neutral attitude valid until now, waiting for breaching one of these levels to detect the next trend clearly.
Reminding you that breaching 113.97 will push the price to achieve gains that reach mainly to 117.35, while breaking 113.55 will push the price to decline again after the return to the previously breached bearish channel, and the negative targets begin at 111.65 and extend to 109.50.
Expected trading range for today is between 112.80 support and 115.00 resistance.
Expected trend for today: Depends on the above mentioned levels
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