USDJPY awaits more rise – Analysis - 07-02-2019

2019-02-07 05:18:36 GMT (Economies.com)
USDJPY awaits more rise – Analysis - 07-02-2019
 

The USDJPY pair continues to fluctuate within sideways track, settling above the EMA50 that provides the positive support to the price, waiting to resume the bullish trend that targets 110.24 as a next station, reminding you that breaching this level will extend the bullish wave to reach 111.56 on the near term basis.

 

Therefore, we will keep our bullish overview unless breaking 109.16 level and holding below it.

 

The expected trading range for today is between 109.16 support and 110.70 resistance

 

The expected trend for today: Bullish

 
 
  Symbol Last Change Chg.%
1.1335
0.0036
0.3222%
1.3032
0.0125
0.9712%
16.009
0.230
1.458%
57.080
1.306
2.342%
67.08
0.63
0.95%
1338.160
16.825
1.273%
 
 
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