USDJPY continues to rise – Analysis - 13-07-2018

Economies.com
2018-07-13 03:49AM UTC

The USDJPY pair shows more bullish bias to gradually approach our waited target at 113.38, as the price gets continuous positive support by the EMA50, which reinforces the chances of continuing the rise inside the bullish channel that appears on the chart.

 

Therefore, the bullish trend scenario will remain valid in the upcoming sessions, reminding you that holding above 111.32 represents key condition to achieve the suggested targets.

 

Expected trading range for today is between 112.00 support and 113.50 resistance, 

 

Expected trend for today: Bullish

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