USDJPY leans on the support – Analysis - 03-10-2018
Economies.com
2018-10-03 04:01AM UTC
The USDJPY pair touched the bullish channel’s support line that appears on the chart and rebounds upwards clearly from there, accompanied by stochastic reach to the oversold areas, while the EMA50 keeps carrying the price from below.
Therefore, we believe that the chances are valid to continue rising in the upcoming sessions, reminding you that our next main target is located at 114.75, while achieving it conditions holding above 113.18.
Expected trading range for today is between 113.20 support and 114.75 resistance
Expected trend for today: Bullish
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