USDJPY tests the support – Analysis - 15-02-2019
Economies.com
2019-02-15 05:05AM UTC
The USDJPY pair bounced bearishly yesterday after testing 111.00 barrier, to test the key support 110.24 now, accompanied by witnessing clear oversold signals through stochastic, while the EMA50 meets the mentioned support to add more strength to it.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions conditioned by the price stability above 110.24, reminding you that our next target is located at 111.56.
The expected trading range for today is between 110.00 support and 111.00 resistance
The expected trend for today: Bullish
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