USDJPY needs the positive momentum – Analysis - 21-01-2019
Economies.com
2019-01-21 04:55AM UTC
The USDJPY pair keeps its stability above 109.16 level, and it needs to get positive motive to assist to push the price to continue rising, as we are waiting to test 61.8% Fibonacci correction level that represents our next main target at 110.24.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 109.16, noting that the EMA50 supports the expected rise.
Expected trading range for today is between 109.00 support and 110.40 resistance
Expected trend for today: Bullish
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