USDJPY gets the positive momentum – Analysis - 30-06-2017

The USDJPY pair bounced downwards strongly after approaching from 113.00 barrier, to retest the previously breached neckline of the inverted head and shoulders' pattern at 111.75 again, as it keeps its stability above it until now, noticing that the EMA50 meets the mentioned level to add more strength to it, while stochastic shows oversold signals now.

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, reminding you that our main waited target is located at 113.97, while holding above 111.75 represents key condition to achieve it.

Expected trading range for today is between 111.20 support and 113.00 resistance.

Expected trend for today: Bullish