The USDJPY gathers the positive momentum – Analysis - 16-09-2019
Economies.com
2019-09-16 04:54AM UTC
The USDJPY pair opened today’s trading with a decline to test the bullish channel’s support that appears in the image, and begins rising now, where it gets a positive support from the EMA50, while stochastic heads to the oversold levels.
Therefore, the bullish trend scenario will remain preferred in the upcoming period, reminding you that breaching 108.30 will push the price to 109.30 as a next station, while the price needs to settle above 106.70 to continue the expected rise.
The expected trading range for today is between 107.20 support and 108.70 resistance
The expected trend for today: Bullish
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