USDJPY tests the support – Analysis - 29-01-2019
Economies.com
2019-01-29 05:22AM UTC
The USDJPY pair tests 109.16 level and keeps its stability above it until now, while stochastic provides positive signals now, which supports the continuation of the correctional bullish trend scenario, waiting to visit 110.24 level as a next main station.
We should note that breaking 109.16 will stop the expected rise and press on the price to decline again, as the negative targets begin at 108.09.
Expected trading range for today is between 108.60 support and 110.24 resistance
Expected trend for today: Bullish
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