The USDJPY tests the support – Analysis - 02-10-2019
Economies.com
2019-10-02 04:57AM UTC
The USDJPY pair trading bounced lower strongly after the attempt of breaching 108.30 level yesterday, to test the critical support at 107.70, noticing that the price begins a bullish bias to move away from the mentioned support, supported by stochastic positivity.
Therefore, the bullish trend scenario will remain valid and active in the upcoming period, organized within the bullish channel that appears in the image, and its targets begin by breaching 108.30 to confirm the rally to 109.30, reminding you that holding above 107.70 is important for the continuation of the expected rise.
The expected trading range for today is between 107.20 support and 108.70 resistance
The expected trend for today: Bullish
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