USDJPY needs the positive momentum – Analysis - 23-10-2018
Economies.com
2018-10-23 04:10AM UTC
The USDJPY pair provided positive trades to reach the first waited target at 112.95, showing some slight bearish bias affected by stochastic negativity, noticing that the EMA50 provides the positive support to the price, to keep our bullish overview in the upcoming sessions, waiting to breach the mentioned level to head towards 113.56 as a next target.
Holding above 111.97 represents the most important condition to continue the bullish wave, noting that breaking it will put the price under negative pressure that its main targets begin at 111.00.
Expected trading range for today is between 111.90 support and 113.30 resistance
Expected trend for today: Bullish
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