USDJPY returns to the channel – Analysis - 26-11-2018
Economies.com
2018-11-26 05:10AM UTC
The USDJPY pair opens this week by strong rise that puts the price above the bullish channel’s support line that appears on the chart after it found difficulty to continue the correctional bearish track, which reactivates the main bullish trend scenario, targeting heading towards 114.55 areas mainly.
Therefore, the bullish trend will be suggested in the upcoming sessions, and the price needs to breach 113.56 level to confirm the continuation of the bullish rally, taking into consideration that breaking 112.96 will stop the positive scenario and push the price to decline again.
Expected trading range for today is between 112.46 support and 114.00 resistance
Expected trend for today: Bullish
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