The USD/JPY pair has been trading with clear positivity since yesterday to breach 113.97 level and settle above it. It turns the intraday and short-term track to the upside. It is heading towards testing potential to test the level of 118.00 level in the upcoming period. Therefore, the bullish trend will be preferred for today, unless breaking 113.97 level and holding below it. If this level is broken, it will push the price to target levels that begin at 113.05 and extend to 111.60. The expected trading range for today is between 113.50 support and 115.50 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The USD/JPY pair has been trading with clear positivity since yesterday to breach 113.97 level and settle above it. It turns the intraday and short-term track to the upside. It is heading towards testing potential to test the level of 118.00 level in the upcoming period. Therefore, the bullish trend will be preferred for today, unless breaking 113.97 level and holding below it. If this level is broken, it will push the price to target levels that begin at 113.05 and extend to 111.60. The expected trading range for today is between 113.50 support and 115.50 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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