USDJPY breaches the resistance – Analysis - 15-02-2017
Economies.com
2017-02-15 05:50AM UTC
The USDJPY pair traded with clear positivity since yesterday to breach 113.97 level and settles above it, which turns the intraday and short term track to the upside, to head towards testing potential test to 118.00 levels in the upcoming period.
Therefore, the bullish trend will be preferred for today unless breaking 113.97 level and holding below it, where breaking this level will push the price to target levels that begin at 113.05 and extend to 111.60.
Expected trading range for today is between 113.50 support and 115.50 resistance.
Expected trend for today: Bullish
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