FX.co ★ Daily analysis of USD/JPY for June 21, 2017

Overview

The USD/JPY pair shows sideways fluctuations after approaching the 112.00 barrier yesterday. Stochastic is getting rid of its negativity clearly and approaching the oversold levels, which forms positive motive to push the price to resume the bullish trend. Therefore, we will keep our bullish trend expectations active in the upcoming sessions unless breaking and holding below 110.65 levels. Our main awaited target at 113.97. The expected trading range for today is between the 111.00 support and the 112.80 resistance.