USDJPY needs the positive momentum – Analysis - 02-10-2018
Economies.com
2018-10-02 04:11AM UTC
The USDJPY pair shows sideways trading, settling near 114.00 level, while stochastic begin to get rid of its negative momentum and heads towards the oversold areas, waiting to get positive motive that assists to push the price to resume the bullish trend, which its next target located at 114.75.
Until now, we will continue to suggest the bullish trend that moves organized inside the bullish channel that appears on the chart, noting that it is important to hold above 113.18 to achieve the suggested targets.
Expected trading range for today is between 113.20 support and 114.75 resistance
Expected trend for today: Bullish
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