The USDJPY resumes rising – Analysis - 18-03-2019

Economies.com
2019-03-18 05:23AM UTC

The USDJPY pair showed new test to 111.40 level and keeps its stability above it, to start today with bullish bias and approaches 111.67 level, waiting to breach this level to confirm rallying towards 112.07 that represents our next main target.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 111.00, noting that stochastic provides positive overlapping signal now that supports the chances of breaching the above mentioned level.

 

The expected trading range for today is between 111.00 support and 112.50 resistance

 

The expected trend for today: Bullish

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