The USDJPY faces solid resistance – Analysis - 17-03-2020

The USDJPY pair got stuck between the key resistance 107.98 and 104.63 support levels, facing solid obstacle at the mentioned resistance, as the EMA50 meets this level to add more strength to it, waiting to get strong positive motive that assists to push the price to breach this level and confirm the continuation of the rise on the intraday and short term basis.

Until now, we will continue to suggest the bullish trend for the upcoming period unless breaking 104.63 and holding below it, reminding you that our next positive targets begin at 109.60 and extend to 111.30.

The expected trading range for today is between 105.50 support and 107.70 resistance

The expected trend for today: Bullish