USDJPY gets the positive momentum – Analysis - 02-11-2018
Economies.com
2018-11-02 05:00AM UTC
The USDJPY pair settles near the main bullish channel’s support line, noticing that the EMA50 keeps supporting the price from below, while stochastic shows clear positive signals now.
Therefore, we are waiting for positive trading in the upcoming sessions, and the targets begin at 113.56 and extend to 114.55, reminding you that it is important to hold above 111.97 to continue the suggested bullish wave.
Expected trading range for today is between 112.00 support and 113.55 resistance
Expected trend for today: Overall Bullish
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