The USDJPY awaits the breach – Analysis - 12-11-2019
Economies.com
2019-11-12 05:43AM UTC
The USDJPY pair leaned on the EMA50 and rebounds bullishly from there, to approach 109.33 level again, noticing that stochastic provides positive signals that support the chances of breaching the mentioned level followed by rallying to achieve more rise in the upcoming period, which its targets extend to reach 110.50.
Therefore, the bullish trend will remain valid for today, organized inside the bullish channel that appears on the chart, reminding you that it is important to hold above 108.40 to continue the expected rise.
The expected trading range for today is between 108.40 support and 110.00 resistance
The expected trend for today: Bullish
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