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USDJPY






5/2/2017 9:34:36 AM

USDJPY - Technical Analysis: Tuesday, 02/05/2017 13:34 GMT



The USDJPY pair continues to rise to reach our main target at 112.00, starting to test this level, noting that the positive effect of the bullish pennant pattern that was completed previously supports the chances of surpassing the mentioned level and open the door to extend the pair's gains on the short term basis.

Thus, the bullish trend will remain expected for the coming period unless trades bounced to the downside to break 111.15 level, as breaking this level will push the price to test 109.94 initially.


Target
Risk


Support
Resistance


Trend Bullish

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