USDJPY gets the positive momentum – Analysis - 04-07-2018

The USDJPY pair traded with clear negativity yesterday to approach the key support 110.04, accompanied by witnessing clear oversold signals through stochastic, to form positive factor that we are waiting to motivate the price to rebound bullishly and resume the expected bullish trend on the intraday and short term basis.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 110.04, reminding you that our first target is located at 111.32.

Expected trading range for today is between 109.80 support and 111.32 resistance, 

Expected trend for today: Bullish