The USDJPY attempts to break – Analysis - 01-12-2021
1 year ago

The USDJPY pair attempted to break 113.07 level but it ended yesterday above it, to keep the price stuck between this support and 114.15 resistance, to continue with our neutrality until we get clearer signal for the next trend through breaching one of these levels.


The contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality, while the expected targets after the breach are explained in our previous report.

The expected trading range for today is between 113.60 support and 114.10 resistance


The expected trend for today: Depends on the above mentioned levels



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