The USDJPY hits the first target – Analysis - 05-04-2019

Economies.com
2019-04-05 03:54AM UTC

The USDJPY pair resumed its positive trades clearly yesterday to succeed touching our first waited target at 111.75, waiting for more rise to test 112.14 level as a next main station, to keep the bullish trend valid and active for the upcoming period.

 

The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 111.40 and the most important above 110.86 levels.

 

The expected trading range for today is between 111.00 support and 112.50 resistance

 

The expected trend for today: Bullish

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