USDJPY awaits more rise – Analysis - 07-02-2019
Economies.com
2019-02-07 05:18AM UTC
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
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