The USDJPY keeps its positive stability – Analysis - 18-10-2019
Economies.com
2019-10-18 05:08AM UTC
The USDJPY pair tested 108.40 level and keeps its stability above it until now, as the EMA50 meets this support to add more strength to it, while stochastic reaches the oversold areas now.
Therefore, we believe that the chances are valid to rise in the upcoming sessions, and the next target is located at 109.33, while achieving it requires holding above 108.40.
The expected trading range for today is between 108.00 support and 109.33 resistance
The expected trend for today: Bullish
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