Daily analysis of USD/JPY for October 10, 2017

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Overview

The USD/JPY pair fluctuates around the EMA50 since yesterday, noticing that stochastic lost its positive momentum now, which might force the price to show more sideways trading until managing to get enough positive momentum to push the price to continue rising on the short-term basis. In general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 112.00 level and holding below it, noting that breaching 113.44 will push the price to head towards 114.49 that represents our next main target. The expected trading range for today is between 112.00 support and 113.55 resistance.

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