19.10.201614:28 Forex Analysis & Reviews: Daily analysis of USD/JPY for October 19, 2016

Long-term review

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Overview

The USDJPY pair continues to fluctuate near the EMA50, remaining stable above it. This fact supports our positive overview which depends on the stability above 102.65 level. Stochastic returns to the oversold areas to provide positive factor that we are waiting to motivate the price to rebound bullishly and continue the bullish trend on the short term basis. Therefore, we continue to suggest the bullish trend in the upcoming sessions, reminding you that our main waited target is located at 106.63. The expected trading range for today is between 103.00 support and 105.00 resistance

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