USDJPY retests – Analysis - 19-06-2017
Economies.com
2017-06-19 01:36AM UTC
The USDJPY pair confirmed breaching the bearish channel’s resistance that appears in the image, and it keeps its stability above the support base that formed above 110.80, noticing that stochastic surpasses its negativity clearly, while the EMA50 provides positive support for the price.
Therefore, the bullish trend will be preferred in the upcoming sessions, pointing that the waited main target at 113.97, while breaking 110.80 represents negative factor will turn the price to the bearish track that targets 109.00 then 106.63 levels mainly.
Expected trading range for today is between 110.00 support and 112.00 resistance.
Expected trend for today: Bullish
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