Daily analysis of USD/JPY for December 25, 2017



The USDJ/PY pair is showing some slight bearish bias on its way to test the support base above 113.00 after breaching it previously.

This move is accompanied by stochastic, reaching the oversold areas, while the EMA50 meets the mentioned support to add more strength to it. Therefore, these factors encourage us to keep our bullish overview. The next target is located at 114.73, while holding above 113.00 represents the main condition to achieve it. The expected trading range for today is between 112.80 support and 114.20 resistance.

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