USDJPY resumes rising – Analysis - 19-10-2017
Economies.com
2017-10-19 03:44AM UTC
The USDJPY pair rallied upwards clearly yesterday to breach 112.45 level and settles above it, which stops the recently suggested correctional bearish scenario and push the price to resume the short term bullish track, approaching from the first target at 113.44.
Therefore, the bullish trend will be expected in the upcoming sessions, and breaching the first target will push the price towards 114.50 direct, while the expected rise will remain valid unless breaking 112.00 and holding below it.
Expected trading range for today is between 112.45 support and 114.00 resistance.
Expected trend for today: Bullish
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