USDJPY gets the positive momentum – Analysis - 02-08-2018

Economies.com
2018-08-02 03:52AM UTC

The USDJPY pair provided negative trading to approach testing the key support 111.32, met by the EMA50 to add more strength to it, accompanied by stochastic approach to the oversold areas.

 

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which its main target located at 113.38, reminding you that it is important to hold above 111.32 to continue the suggested rise.

 

Expected trading range for today is between 111.00 support and 112.50 resistance

 

Expected trend for today: Bullish

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