USDJPY rises again – Analysis - 09-05-2018
Economies.com
2018-05-09 03:43AM UTC
The USDJPY pair traded with clear positivity yesterday after leaning on the bullish channel’s support line that appears on the chart, to breach 109.00 level and settles above it, which reactivates the correctional bullish trend scenario again, targeting testing 110.04 level initially.
Therefore, the bullish trend will be suggested in the upcoming sessions unless breaking 109.00 level and holding below it, noting that breaching 110.04 will extend the bullish wave to reach 111.32 as a next station.
Expected trading range for today is between 108.70 support and 110.30 resistance.
Expected trend for today: Bullish
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