The USDJPY succeeds to breach – Analysis - 16-10-2019
Economies.com
2019-10-16 04:50AM UTC
The USDJPY pair managed to breach 108.40 level and closed the daily candlestick above it, confirming the extension of the bullish wave, to target 109.33 level as a next main station, organized within the bullish channel that appears in the above chart.
Therefore, we wait for more of the upside moves in the upcoming sessions, being aware that breaking 108.40 might push the price to test 107.45 levels again before any new attempt to rise.
The expected trading range for today is between 108.00 support and 109.50 resistance
The expected trend for today: Bullish
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