USDJPY resumes rising – Analysis - 18-05-2018

The USDJPY pair traded with clear positivity yesterday after confirming the stability above 110.04, which supports the continuation of our bullish overview efficiently in the upcoming period, and the way is open to achieve our main waited target at 111.32.

The EMA50 provides continuous positive support to the expected rise, noting that breaching the targeted level will extend the pair’s gains to reach 112.00 as a next station, while holding above 110.04 – 109.85 levels represent key condition to continue the expected rise.

Expected trading range for today is between 110.00 support and 111.60 resistance.

Expected trend for today: Bullish