The USDJPY resumes rising – Analysis - 17-01-2020
Economies.com
2020-01-17 05:34AM UTC
The USDJPY pair shows new positive trades to approach our waited target at 110.50, reinforcing the expectations of continuing the bullish trend, organized inside the bullish channel that appears on the chart, noting that surpassing the mentioned level will extend the bullish wave to reach 111.50 as a next main target.
The EMA50 supports the expected rise, which will remain valid unless breaking 109.33 level and holding below it.
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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