Day-to-day analysis of USD/JPY for May 16, 2018 888011000 110888 USD/JPYThe predisposition on this set is bullish– and the trend is now in a strong position. The need level at 110.00 has been breached to the advantage, and while there is a presently a shallow bearish retracement in the market, cost is now targeting at the need level at 110.50. There is presently a Bullish Confirmation Pattern in the market, which has actually become stronger as an outcome of the surge in the bullish motion. For this rally to be sustained, there is a requirement for continuous buying pressure in the market. The material has been offered by InstaForex Company

By | May 16, 2018

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