The USDJPY returns to the correctional bullish track – Analysis - 24-07-2019

Economies.com
2019-07-24 03:46AM UTC

The USDJPY pair breached 108.10 level and closed the daily candlestick above it, to stop the recently suggested negative scenario and lead the price to return to the correctional bullish track again, on its way to achieve intraday gains that start at 108.93.

 

Therefore, the bullish bias will be suggested in the upcoming sessions supported by moving above the EMA50, unless breaking 108.10 followed by 107.75 levels and holding below them.

 

The expected trading range for today is between 107.75 support and 109.00 resistance

 

The expected trend for today: Bullish

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