The USDJPY resumes rising – Analysis - 02-12-2019

Economies.com
2019-12-02 05:49AM UTC

The USDJPY pair provides positive trading to move away from 109.33 level, reinforcing the expectations of the continuation of the bullish trend on the intraday and short term basis, and its next target is located at 110.50.

 

The EMA50 and stochastic are providing positive signals that support the expected rise, which will remain valid unless breaking 109.33 level and holding below it.

 

The expected trading range for today is between 109.00 support and 110.30 resistance

 

The expected trend for today: Bullish

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