The USDJPY retests – Analysis - 09-09-2019
Economies.com
2019-09-09 04:42AM UTC
The USDJPY pair retests the breached neckline of the double bottom pattern that appear on the chart, keeping its stability above it until now, noticing that stochastic provides positive overlapping signal now, while the EMA50 supports the price from below.
Therefore, these factors encourage us to keep our bullish overview in the upcoming period, which its next targets located at 108.30 followed by 109.30, while achieving them requires holding above 106.70.
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The expected trading range for today is between 106.20 support and 107.70 resistance
The expected trend for today: Bullish
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