The USDJPY gets a positive signal – Analysis - 20-01-2020
Economies.com
2020-01-20 05:56AM UTC
The USDJPY pair settles around 110.20, and the price gets continuous positive support by the EMA50, while stochastic begins to overlap positively now.
Therefore, we believe that the chances are valid to resume the bullish bias that targets testing 110.50 level initially, reminding you that breaching this level will push the price to 111.50 as a next station, while holding above 109.33 represents key condition to continue the suggested bullish wave.
The expected trading range for today is between 109.50 support and 111.00 resistance
The expected trend for today: Bullish
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