USDJPY retests – Analysis - 17-5-2018
Economies.com
2018-05-17 01:56AM UTC
The USDJPY pair returned to test the previously breached 110.04 level and kept its stability above this level, noticing that stochastic begins to overlap positively now, which forms positive motive that we wait to assist to push the price to rise in the upcoming sessions, keeping the bullish trend preferred for today, reminding you that our next target at 111.32.
The EMA50 keeps supporting the suggested bullish wave, and its continuation conditioned by holding above 110.04 and 109.70 levels.
Expected trading range for today is between 109.65 support and 111.30 resistance.
Expected trend for today: Bullish
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