USDJPY breaches the resistance – Analysis - 09-03-2018
Economies.com
2018-03-09 04:56AM UTC
The USDJPY pair achieved clear breach to 106.35 level and settled above it, to complete forming a double bottom pattern that we expect to push the price to achieve more rise in the upcoming period, as the positive targets begin by testing 107.40 level, noting that breaching this level will extend the pair’s gains to reach 108.53.
Therefore, the bullish trend will be suggested in the upcoming sessions unless breaking 106.35 level and holding below it again.
Expected trading range for today is between 105.80 support and 107.60 resistance.
Expected trend for today: Bullish
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