The USDJPY recovers – Analysis - 12-03-2019
Economies.com
2019-03-12 05:17AM UTC
The USDJPY pair opened today’s trading with clear positivity to return to the bullish channel that appears on the chart, attempting to breach the key resistance 111.40 now, which hints that the price heads to regain the main bullish trend again, which targets testing the recently recorded top at 112.07 initially.
Therefore, the bullish bias will be expected today, noting that breaking 111.00 will stop the expected rise and press on the price to decline towards 110.35 as a first main station.
The expected trading range for today is between 111.00 support and 112.20 resistance
The expected trend for today: Bullish
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