USDJPY approaches from the first target – Analysis - 20-10-2017
Economies.com
2017-10-20 03:49AM UTC
The USDJPY pair resumes its bullish rally strongly now after leaning on the EMA50, to reach the thresholds of the first waited target at 113.44, motivated by the positive overlapping signal that appears on stochastic, waiting to breach the mentioned level to confirm extending the bullish wave towards 114.50.
Therefore, our bullish overview will remain valid and active, noting that breaking 112.00 will stop the expected rise and put the price under the correctional bearish pressure again.
Expected trading range for today is between 112.45 support and 114.50 resistance.
Expected trend for today: Bullish
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