USDJPY breaches the resistance – Analysis - 03-01-2017
Economies.com
2017-01-03 04:45AM UTC
The USDJPY pair achieved good breach to the minor bearish channel's resistance that appears on chart, which forms bullish flag that we are waiting to motivate the price to continue the main bullish trend, which gets good support by the EMA50.
Therefore, our bullish expectations will remain valid and active in the upcoming period conditioned by the price stability above 115.90, reminding you that our main targets begin at 118.40 and extend to 120.00.
Expected trading range for today is between 116.50 support and 118.40 resistance.
Expected trend for today: Bullish
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