FX.co ★ Daily analysis of USD/JPY for December 27, 2017

Overview

The USDJPY pair leaned on the EMA50 and begins to rebound bullishly from there, noticing that stochastic provides positive signals on the four hours' time frame, waiting to motivate the price to resume the bullish trend. Therefore, we will continue to suggest the bullish trend in the upcoming sessions, and the main target is located at 114.73, noting that holding above 113.00 is important to continue the suggested bullish wave. The expected trading range for today is between 112.80 support and 114.00 resistance.