The USDJPY hits the first target – Analysis - 19-03-2020
Economies.com
2020-03-19 05:56AM UTC
The USDJPY pair succeeded to achieve our first waited target at 109.60 after managing to breach 107.98, waiting to surpass the mentioned target to head towards our next station at 111.25, which represents the main bearish channel’s resistance line.
Moving above the EMA50 supports the positive overview, which will remain valid and active conditioned by the price stability above 107.98.
The expected trading range for today is between 108.00 support and 110.00 resistance
The expected trend for today: Bullish
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