empty
 
 
13.03.2017 05:01 PM
Daily analysis of USD/JPY for March 13, 2017

This image is no longer relevant

Overview

After bouncing, the USD/JPY pair is trading lower after hitting 115.50. This allows the price to test the EMA50 that provides the pair with support. Please note that stochastics is approaching the oversold levels now. This action raises our expections that the pair will push higher again. Therefore, we stick to the bullish scenario unless the price breaks 113.97 and holds below it. Our next main target is located at 117.70. The expected trading range for today is between 114.00 support and 116.00 resistance.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback