USDJPY tests the support – Analysis - 25-10-2018
Economies.com
2018-10-25 04:11AM UTC
The USDJPY pair provided clear negative trades yesterday to test the key support 111.97 and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas’ thresholds, waiting to motivate the price to rebound bullishly to resume the main bullish trend, which targets 112.95 followed by 113.56 levels initially.
We should note that breaking 111.97 and holding below it will push the price to start bearish correction on the short term basis.
Expected trading range for today is between 111.50 support and 113.00 resistance
Expected trend for today: Bullish
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