USDJPY continues to rise – Analysis - 03-07-2018

Economies.com
2018-07-03 04:17AM UTC

The USDJPY pair provides more bullish bias by today’s opening to keep approaching our waited target at 111.32, and the price continues to move inside the bullish channel that supports the chances of achieving more gains in the upcoming period, to keep our bullish trend expectations on the intraday and short term basis, reminding you that breaching the mentioned level will extend the bullish wave to reach 113.38.

 

On the other hand, breaking 110.04 will stop the expected rise and push the price to decline again.

 

Expected trading range for today is between 110.04 support and 111.90 resistance, 

 

Expected trend for today: Bullish

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