USDJPY breaches the first target – Analysis - 12-02-2019

2019-02-12 05:15:29 GMT (Economies.com)
USDJPY breaches the first target – Analysis - 12-02-2019
 

The USDJPY pair succeeded to achieve our first waited target at 110.24 and breached it to settle with a daily close above it, opening the way to extend the bullish wave to target 111.56 on the near term basis.

 

Therefore, the bullish trend will remain active in the upcoming period supported by the EMA50, noting that breaking 110.24 will stop the expected rise and press on the price to decline again.

 

The expected trading range for today is between 110.00 support and 111.56 resistance

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1140
0.0042
0.3789%
1.2289
0.0135
1.1107%
17.418
0.314
1.834%
53.880
-0.920
1.679%
59.10
-0.82
1.37%
1526.175
13.910
0.920%
 
 
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