USDJPY rises calmly – Analysis - 26-09-2018

Economies.com
2018-09-26 03:53AM UTC

The USDJPY pair shows slight positive trading to keep approaching 113.18 level, as the price continues to move inside the bullish channel that appears on the chart, which supports the chances of breaching the mentioned level followed by extending the bullish wave towards 114.00.

 

Therefore, we will continue to suggest the bullish trend in the upcoming period supported by the EMA50, noting that it is important to hold above 112.15 to continue the expected rise.

 

Expected trading range for today is between 112.40 support and 113.70 resistance

 

Expected trend for today: Bullish

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