The USDJPY approaches the target – Analysis - 07-07-2021
Economies.com
2021-07-07 04:20AM UTC
The USDJPY pair provided more bearish bias to reach the thresholds of the waited target at 110.20, and it is important to monitor the price when touching this level, as breaking it will extend the bearish wave towards 109.22 on the near term basis, while consolidating above it will lead the price to resume the bullish trend and head towards 111.70 initially.
Therefore, we prefer to stay aside temporarily until the price confirms its situation according to 110.20 level followed by detecting its next destination clearly.
The expected trading range for today is between 110.00 support and 111.00 resistance
The expected trend for today: Neutral
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