USDJPY surpasses the moving average – Analysis - 22-10-2018
Economies.com
2018-10-22 04:29AM UTC
The USDJPY pair shows positive trades to breach the EMA50 and settles above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which depends on the organized trades inside the bullish channel that appears on the chart, waiting to target 112.95 followed by 113.56 levels that represent our next main stations.
Holding above 111.97 is important to continue the expected rise, as breaking it will press the price to start bearish correction on the short term basis.
Expected trading range for today is between 111.90 support and 113.30 resistance
Expected trend for today: Bullish
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