The USDJPY breaches the resistance – Analysis - 13-12-2019

Economies.com
2019-12-13 05:59AM UTC

The USDJPY pair breached 109.33 level strongly and closed the daily candlestick above it, which stops the recently suggested negative scenario and leads the price to achieve more expected gains in the upcoming period, on its way to visit 110.50 level as a next main target.

 

Therefore, the bullish bias will be suggested for today, noting that holding above 109.33 is important to continue the expected rise.

 

The expected trading range for today is between 109.00 support and 110.50 resistance

 

The expected trend for today: Bullish

 

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