The USDJPY faces solid resistance – Analysis - 11-11-2019
Economies.com
2019-11-11 05:51AM UTC
The USDJPY pair found difficulty to surpass 109.33, to rebound bearishly on its way for a potential test to the key support 108.40, noticing that the EMA50 continues to support the price from below, while stochastic got rid of its negative momentum to reach the oversold areas.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, which its targets begin by breaching 109.33 level to open the way to visit 110.50 as a next target, while holding above 108.40 represents key condition to achieve the suggested targets.
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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