The USDJPY surpasses the first target – Analysis - 28-11-2019

Economies.com
2019-11-28 05:46AM UTC

The USDJPY pair succeeded to breach 109.33 level and hold with a daily close above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, paving the way to visit 110.50 level as a next main station.

 

The bullish channel continues to organize the suggested bullish wave, which gets continuous support by the EMA50, noting that breaking 109.33 might press on the price to test 108.40 areas again before attempting to rise again.

 

The expected trading range for today is between 108.80 support and 110.20 resistance

 

The expected trend for today: Bullish

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