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USDJPY gets the positive momentum – Analysis - 19-07-2018
The USDJPY pair shows some slight bearish bias to test the intraday bullish channel’s support line, accompanied by stochastic reach to the oversold areas, to form positive motive that we expect to push the price to resume the bullish trend that its next target located at 113.38.
Therefore, we will keep our bullish overview for today conditioned by the price stability above 112.10, reminding you that breaching 113.38 will push the price towards 114.65 on the near term basis.
Expected trading range for today is between 112.00 support and 113.60 resistance
Expected trend for today: Bullish
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