The USDJPY approaches the recent high – Analysis - 08-10-2021
The USDJPY pair resumes its positive trading clearly to approach our main waited target at 112.05, and we expect to breach this level to open the way to achieve additional gains that reach 113.15.
Therefore, the positive scenario will remain valid on the intraday and short term basis, noting that holding above 110.95 is important to continue the expected rise.
The expected trading range for today is between 111.30 support and 112.50 resistance
The expected trend for today: Bullish