Everyday analysis of USD/JPY for October 12, 2017 888011000 110888 Introduction The USD/JPY set finds trouble to go beyond the EMA50 that forms excellent intraday resistance at 112.50, and the rate needs to surpass this level to be released from the present unfavorable pressure followed by resuming the expected bullish trend for the upcoming duration, which its next target located at 114.49. In general, we will continue to suggest the bullish pattern unless breaking 112.00 level and holding below it, as breaking this level will push the rate to extend its bearish correction towards 111.10 areas, and might reach 110.38 before any new attempt to increase. The expected trading variety for today is in between 111.80 assistance and 113.44 resistance. The material has actually been offered by InstaForex Business-www.instaforex.com

By | October 12, 2017

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