FX.co ★ Daily analysis of USD/JPY for September 29, 2017

Overview

The USD/JPY pair is still fluctuating inside the sideways range between the 111.75 support and 112.80 resistance. Our outlook for the pair is a further sideways trading on the intraday basis until the price makes a successful breach of one of the mentioned levels to detect further targets clearly. Stochastic and the EMA50 positivity might push the price to breach the mentioned resistance followed by rallying towards 114.49 as the next main station, while breaking 111.75 support will push the price to return to the main bearish trend and visit 110.90 followed by 110.06 levels initially. The expected trading range for today is between 111.75 support and 113.70 resistance.