USDJPY resumes rising – Analysis - 08-01-2019

2019-01-08 04:59:35 GMT (Economies.com)
USDJPY resumes rising – Analysis - 08-01-2019
 

The USDJPY pair failed to break 108.10 level, to keep its stability above it, which pushes the price to start today with clear positivity and approaches 50% Fibonacci correction level at 109.16, hinting the price head for more bullish correction in the upcoming sessions.

 

Therefore, the bullish bias will be expected for today unless the price failed to breach 109.16, noting that breaching this level will extend the bullish wave to reach 110.24 as a next station.

 

Expected trading range for today is between 108.10 support and 110.00 resistance

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1298
0.0001
0.0093%
1.3193
-0.0026
0.1967%
15.448
0.014
0.091%
58.392
-0.476
0.809%
67.03
-0.83
1.22%
1315.245
2.010
0.153%
 
 
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