USDJPY gets a positive motive – Analysis - 15-03-2017

The USDJPY pair keeps its stability above the EMA50, noticing that stochastic begin to provide positive overlapping signal on the four hours’ time frame, which forms positive motive that we wait to assist to push the price to resume the bullish trend, and its next main target located at 117.65.

Therefore, our bullish trend expectation will remain valid and active unless breaking 113.97 level, pointing that breaching 115.00 level will add more confirmation for the continuation of the suggested rise and ease the price mission to achieve the above mentioned target.

Expected trading range for today is between 114.00 support and 116.00 resistance.

Expected trend for today: Bullish