USDJPY within tight track – Analysis - 23-02-2017
Economies.com
2017-02-23 05:30AM UTC
The USDJPY pair fluctuates near the EMA50 and shows sideways and tight range trading recently, and the price remains confined between the confirmation levels that represented by 113.97 resistance and the support that decline to 111.90 now, therefore, our neutral attitude will remain valid until breaching one of the mentioned levels then detecting its next trend clearly.
Reminding you that breaking 111.90 will turn the price to the bearish track that its main targets begin at 110.00, while breaching 113.97 will lead the trading to rise to 118.00 levels mainly.
Expected trading range for today is between 112.00 support and 114.50 resistance.
Expected trend for today: Sideways
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