13.05.201616:44 Forex Analysis & Reviews: Daily analysis of USD/JPY for May 13, 2016

Long-term review

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Overview

The USD/JPY pair bounced bullishly to resume its bullish track on the short-term basis, as it is trying to hold above the 109.00 barrier, which supports the continuation of the bullish trend scenario. If the pair surpasses the 110.30 level, it will reach 113.97. Therefore, our positive overview will remain valid for the upcoming period unless the 106.63 level is broken. The expected trading range for today is between the 108.00 support and the 110.30 resistance.

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