USDJPY approaches the target – Analysis - 24-09-2018
Economies.com
2018-09-24 04:23AM UTC
The USDJPY pair shows more bullish bias, organized inside the bullish channel that appears on the chart, which supports the chances of achieving our main expected target at 113.18, as the EMA50 provides the positive support to the price, while stochastic approaches the oversold areas.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, noting that breaching 113.18 will push the price towards 114.00 direct, while breaking 112.10 might push the price to test 111.16 areas before any new attempt to rise.
Expected trading range for today is between 112.00 support and 113.40 resistance
Expected trend for today: Bullish
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