USDJPY gathers the positive momentum – Analysis - 21-05-2018
Economies.com
2018-05-21 01:43AM UTC
The USDJPY pair provided slight negative trading on last Friday but it begins today with a bullish gap that puts the price near 111.00 barrier, noticing that stochastic gets rid of its negativity clearly and gain the positive momentum on the four hours’ time frame, forming positive motive that we are waiting to assist to push the price to resume the bullish trend.
Therefore, our bullish overview will remain valid conditioned by the price stability above 110.04, reminding you that our next main target is located at 111.32.
Expected trading range for today is between 110.00 support and 111.60 resistance.
Expected trend for today: Bullish
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