USDJPY attempts to activate the positive pattern – Analysis - 28-12-2016
Economies.com
2016-12-28 04:46AM UTC
The USDJPY pair begins attempts to breach the minor bearish channel's resistance that appears on the above chart, which supports the continuation of the main bullish trend scenario, which gets continuous positive support by the EMA50, waiting to breach 118.65 level to confirm opening the way to target 120.00 as a next main station.
In general, the expected rise will remain valid and active for the upcoming period unless breaking 116.55 level and holding below it.
Expected trading range for today is between 116.55 support and 118.65 resistance.
Expected trend for today: Bullish
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