USDJPY surpasses the first target – Analysis - 23-10-2017
Economies.com
2017-10-23 03:46AM UTC
The USDJPY pair succeeded to achieve our first waited target at 113.44 and ended last week above it, to start today with bullish gap that pushes the price to test 114.00 level direct, which hints the continuation of the bullish wave in the upcoming period, organized inside the bullish channel that appears on chart.
Therefore, the bullish trend scenario will remain valid efficiently for today, supported by the EMA50 that carries the price from below, noting that our next main target is located at 115.50, while holding above 112.50 represents key condition to achieve it.
Expected trading range for today is between 113.00 support and 114.80 resistance.
Expected trend for today: Bullish
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