USDJPY returns to the bullish channel – Analysis - 01-08-2018
Economies.com
2018-08-01 04:22AM UTC
The USDJPY pair rallied upwards strongly yesterday to breach 111.32 level and settles inside the bullish channel that appears on the chart, which opens the way to achieve more gains in the upcoming period, targeting visiting the previously recorded top at 113.38 as a next main station.
Therefore, the bullish trend will be suggested on the intraday and short term basis unless breaking 111.32 level and holding below it again.
Expected trading range for today is between 111.32 support and 112.70 resistance
Expected trend for today: Bullish
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