USDJPY leans on the moving average – Analysis - 14-03-2017
Economies.com
2017-03-14 05:18AM UTC
The USDJPY pair shows bullish bias after approaching from the EMA50 yesterday, heading to test 115.00 barrier now, which supports the continuation of the overall bullish trend scenario, targeting 117.70 levels mainly.
Therefore, we wait for more of the sideways trading in the upcoming sessions conditioned by the stability of the price above 113.97 level, where breaking this level will push the price to return to the bearish track on the short term basis.
Expected trading range for today is between 114.00 support and 116.00 resistance.
Expected trend for today: Bullish
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