USDJPY within minor bullish track – Analysis - 25-04-2017
Economies.com
2017-04-25 04:35AM UTC
The USDJPY pair settled above 109.30 after the bullish gap that appeared yesterday, and the price leaned on the EMA50 to start rising now, which hints that the price is on its way to achieve some intraday gains before turning back to resume the main bearish trend.
Therefore, the bullish bias will be suggested temporarily support by stochastic positivity, and the target is testing 111.65 level, taking into consideration that breaking 108.95 will stop the suggested rise and put the price within the main bearish track again.
Expected trading range for today is between 109.45 support and 111.00 resistance.
Expected trend for today: Bullish temporarily
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