The USDJPY activates the positive pattern – Analysis - 20-10-2021

2021-10-20 04:17:22 GMT (Economies.com)
 

The USDJPY pair managed to breach the bullish pennant’s resistance to rally bullishly and achieve the expected target at 114.70, and we suggest the continuation of the bullish bias to reach 115.00 barrier as a next station, noting that breaching this level will extend the bullish wave to reach 115.55 as a next main target.

 

Holding above 114.10 is important to continue the expected rise, as breaking it will press on the price to achieve temporary decline and test 113.25 areas before any new attempt to rise.

The expected trading range for today is between 113.90 support and 115.20 resistance

The expected trend for today: Bullish

 

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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