USDJPY attacks the channel’s support – Analysis - 04-12-2018
Economies.com
2018-12-04 05:13AM UTC
The USDJPY pair opens today’s trading with clear negativity to attack the bullish channel’s support line and moves below it now, which urges caution from the upcoming trading, as continuing the decline and breaking 112.96 will turn the intraday track downwards and stops the recently suggested positive scenario.
Until now, we will depend on the daily close stability above the mentioned channel’s support to continue suggesting the overall bullish trend, which its next main target located at 114.55.
Expected trading range for today is between 112.80 support and 114.10 resistance
Expected trend for today: Bullish
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