USDJPY completes a positive pattern – Analysis - 23-01-2019
Economies.com
2019-01-23 04:38AM UTC
The USDJPY pair bounced upwards clearly yesterday after testing 109.16 level, noticing that the price completed forming a bullish flag pattern after breaching the minor bearish channel’s resistance that appears on the chart, to get positive motive that reinforces the chances of achieving our waited target at 110.24.
Therefore, we are waiting for more rise in the upcoming sessions conditioned by the price stability above 109.16, noting that stochastic provides positive signals that support the expected rise.
Expected trading range for today is between 109.00 support and 110.50 resistance
Expected trend for today: Bullish
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