USDJPY begins positively – Analysis - 06-10-2017

Economies.com
2017-10-06 03:42AM UTC

The USDJPY pair closed yesterday's trading exactly at 112.80, starting today with bullish bias that hints the price head to rise, making the bullish trend expected for today, supported by the EMA50, waiting to target 113.55 followed by 114.49 levels mainly.

 

We should note that breaking 112.80 followed by 112.50 levels will stop the expected rise and push the price to decline towards 111.75 direct.

 

Expected trading range for today is between 112.00 support and 113.55 resistance.

 

Expected trend for today: Bullish

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