USDJPY confirms the breach – Analysis - 16-05-2018
Economies.com
2018-05-16 03:11AM UTC
The USDJPY pair confirmed breaching 110.04 level after closing the daily candlestick above it, which opens the way to target the next correctional level at 111.32 as we mentioned in our last technical update, to keep moving inside the bullish channel that appears on the chart.
Therefore, the bullish trend will remain suggested in the upcoming sessions unless we witnessed clear break to 110.04 followed by 109.65 levels and hold below them.
Expected trading range for today is between 109.65 support and 111.30 resistance.
Expected trend for today: Bullish
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