17.03.2020
The dollar / yen pair trades suspended between the pivotal resistance levels 107.98 and the support 104.63, and the price faces a strong obstacle at the mentioned resistance, where the moving average 50 meets with this level to add more strength to it, waiting for a strong positive incentive contributing to push the price to penetrate this level and confirm the continuation Intraday and short term rise.
Until now, we continue to favor the bullish trend for the next period unless 104.63 level is broken and stability below it, noting that our next positive targets start at 109.60 and extend to 111.30.
The expected trading range for today is between 105.50 support and 107.70 resistance.
Expected trend for today: bullish.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
