Daily analysis of USD/JPY for December 13, 2017 13.12.2017


Exchange Rates 13.12.2017 analysis


The USDJPY pair opens trading today with a bearish bias to test the key support of 113.00. Please note that this level represents the meeting point of the EMA50 with the intraday bullish channel’s support line besides 23.6% Fibonacci correction. It supports the strength of this level and hints that the chances are valid to continue the overall bullish trend. Therefore, we will keep our bullish overview on the intraday and short term-basis, conditioned by holding above 113.00. Breaking it will push the price to return to the correctional bearish track again, while our positive targets begin at 114.00 and further to 114.73. The expected trading range for today is between 112.50 support and 114.20 resistance.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Hossam Soliman Ali,
Analytical expert
InstaForex Group © 2007-2017

Benefit from analysts’ recommendations right now

Top up trading account

Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.


Source link

قالب وردپرس

We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at agfab2013@gmail.com

Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply