USD JPY Trapped below the range
9/12/2017 7:46:51 PM
During Forex market, the USD/JPY pair was seen merging preceding session's strong increase and fluctuated in a 22-30 pips narrow band between the 109.33-45 area.
The price is now progressing above its 80 EMA, while technical indicators head strongly higher within positive territory. The 180 EMA is the next possible bullish target and the immediate persistence at 109.68, with gains beyond the level maybe resulting on an extension up to 110.27, where the pair also has an unfilled gap from two weeks ago.
FOREX market analysis by FxErvin.