USDJPY gets a positive signal – Analysis - 16-07-2018

The USDJPY pair showed some slight negative trades in the previous sessions, to notice that stochastic managed to get rid of its negative momentum and get positive signals now, which forms positive motive that we are waiting to assist to push the price to resume the bullish trend, which its next target located at 113.38.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 111.32 level and holding below it, noting that breaching the targeted level will push the price towards 114.50 as a next main station.

Expected trading range for today is between 111.70 support and 113.50 resistance, 

Expected trend for today: Bullish