The USDJPY attacks the resistance – Analysis - 14-01-2021

2021-01-14 04:52:46 GMT (Economies.com)
 

The USDJPY pair opens today’s trading with clear rise to attack the resistance line that appears on the chart, which urges caution from the upcoming trading, as confirming the breach will push the price to achieve new gains that reach 105.20, while consolidating below it will press on the price to resume the main bearish trend that its next target located at 102.50.

 

Therefore, we prefer staying aside now until the price confirms its situation according to 104.05 level followed by detecting its next destination clearly.

The expected trading range for today is between 103.40 support and 104.70 resistance

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.2064
0.0011
0.0917%
1.3899
0.0005
0.0349%
Tadawul
10228.35
-26.53
0.26%
27.323
0.804
3.032%
64.828
0.918
1.436%
68.16
-0.80
1.16%
1814.350
24.765
1.384%
 
 
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