USDJPY gathers the positive momentum – Analysis - 08-02-2019

Economies.com
2019-02-08 05:06AM UTC

The USDJPY pair shows more sideways trading near the EMA50, noticing that stochastic attempts to gain the positive momentum gradually, to support the chances of resuming the bullish trend that depends on the price stability above 109.16, while its main targets begin at 110.24 and extend to go further towards 111.56 after breaching the previous level.

 

The expected trading range for today is between 109.16 support and 110.70 resistance

 

The expected trend for today: Bullish

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