USDJPY surpasses the first target – Analysis - 31-10-2018

Economies.com
2018-10-31 04:42AM UTC

The USDJPY pair rallied upwards strongly yesterday to breach our first waited target at 112.95 and approaches the second target at 113.56, paving the way to achieve more gains on the short term basis, noting that breaching the last level will push the price towards 114.55 as a next station.

 

Therefore, we will continue to suggest the bullish trend today conditioned by the price stability above 112.95.

 

Expected trading range for today is between 112.50 support and 114.00 resistance

 

Expected trend for today: Bullish

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