The USDJPY builds support base – Analysis - 04-04-2019
Economies.com
2019-04-04 04:14AM UTC
The USDJPY pair keeps its stability above the breached resistance that forms good support base at 111.40, thus, the bullish trend still valid on the intraday and short term basis, supported by the EMA50 that carries the price from below, reminding you that our waited targets begin at 111.75 followed by 112.14.
We should note that breaking 111.40 will push the price to decline towards 110.86 before any new positive attempt.
The expected trading range for today is between 110.86 support and 112.20 resistance
The expected trend for today: Bullish
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