USDJPY within bullish channels – Analysis - 18-06-2018
Economies.com
2018-06-18 05:06AM UTC
The USDJPY pair shows some slight bearish bias to approach testing the key support 110.04, met by the EMA50 to add more strength to it, while stochastic prepares to provide positive overlapping signal now.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, organized inside the bullish channels that appears on the chart, waiting to test 111.32 level as a next main station, noting that it is important to hold above 110.04 to continue the suggested bullish trend.
Expected trading range for today is between 109.80 support and 111.32 resistance,
Expected trend for today: Bullish
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