The USDJPY attempts positively – Analysis - 25-03-2021

2021-03-25 05:16:38 GMT (Economies.com)
 

The USDJPY pair trades with clear positivity after surpassing the EMA50, to head towards testing the key resistance 109.22, which urges caution from the upcoming trading, as continuing the rise and surpassing this level will stop the recently suggested negative scenario and lead the price to resume the main bullish trend again, to head towards achieve gains that start by testing 110.30 areas on the near term basis.

 

Therefore, we prefer staying aside until the price confirms its next destination clearly, through breaching the mentioned resistance or breaking 108.55 support.

The expected trading range for today is between 108.30 support and 109.60 resistance

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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