USDJPY resumes rising – Analysis - 11-10-2017
Economies.com
2017-10-11 03:34AM UTC
The USDJPY pair touched 23.6% Fibonacci correction level for the rise measured from 107.31 to 113.44 and bounced bullishly from there, to resume the suggested bullish track, supported by the positive signal provided by stochastic now, waiting to motivate the price to continue rising to test the mentioned top initially, reminding you that breaching this level will lead the price to visit 114.49 level as a next main station.
Therefore, we will keep our bullish overview conditioned by holding above 112.00.
Expected trading range for today is between 112.00 support and 113.55 resistance.
Expected trend for today: Bullish
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