The USDJPY attempts positively – Analysis - 03-12-2021
Economies.com
2021-12-03 02:34AM UTC
The USDJPY pair ended yesterday below 113.07 level, which keeps the negative scenario valid for the upcoming period, supported by stochastic loss to the positive momentum clearly, besides the negative pressure formed by the EMA50, waiting to visit 112.30 as a next correctional target.
On the other hand, we should note that surpassing 113.07 and consolidating above it will stop the suggested decline and lead the price to attempt to return to the main bullish track again.
The expected trading range for today is between 112.30 support and 113.60 resistance
The expected trend for today: Bearish
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