USDJPY gets the positive motive – Analysis - 28-06-2017
Economies.com
2017-06-28 03:23AM UTC
The USDJPY pair ended yesterday's trading above 111.75 level, to confirm completing the inverted head and shoulders' pattern that appears on the above chart, reinforcing the expectations of continuing the bullish trend in the upcoming period, especially that the EMA50 supports the price from below.
Therefore, we are waiting for more rise today, as the next main target is located at 113.97, being aware that breaking 111.75 followed by 111.35 levels will stop the positive effect of the mentioned pattern and push the price to turn to decline.
Expected trading range for today is between 111.35 support and 113.20 resistance.
Expected trend for today: Bullish
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