USDJPY tests the support base – Analysis - 18-09-2018
Economies.com
2018-09-18 03:44AM UTC
The USDJPY pair shows some slight bearish bias to approach testing the support base formed above the previously breached resistance, noticing that stochastic gathers the positive momentum to approach the oversold areas, while the EMA50 keeps supporting the price from below.
Therefore, we will continue to suggest the bullish trend for today unless breaking 111.16 level and holding below it, waiting to surpass 112.10 level to confirm opening the way to head towards 113.18.
Expected trading range for today is between 111.20 support and 112.80 resistance
Expected trend for today: Bullish
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