Day-to-day analysis of USD/JPY for May 18, 2018 888011000 110888 USD/JPYThe USD/JPY continues going upwards. This is a bullish market, and the cost is expected to go further and further upwards (it has gotten 155 pips so far this week), and it might reach the supply levels at 111.00 and 111.50, perhaps going even more than that. Brief trades are not advised here up until there is a clear bearish signal in the market. The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. There is currently a Bullish Verification Pattern in the market, which has ended up being stronger as an outcome of the rise in the bullish movement. The material has actually been offered by InstaForex

By | May 18, 2018

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