USDJPY leans on the support base – Analysis - 13-11-2018

The USDJPY pair leaned on the key support base 113.56 yesterday and bounced bullishly to start today with clear positivity, which supports the continuation of our bullish overview in the upcoming sessions, especially that stochastic provides clear positive signals now.

Therefore, we believe that the way is open to touch our first main target at 114.55, noting that breaching this level will extend the bullish wave to reach 115.50, while holding above 113.56 represents the first protecting factor to the continuation of the positive scenario.

Expected trading range for today is between 113.50 support and 114.70 resistance

Expected trend for today: Bullish