The USDJPY awaits more rise – Analysis - 12-01-2021

2021-01-12 05:21:51 GMT (Economies.com)
 

The USDJPY pair confirmed breaching the resistance line that appears on the chart after closing the daily candlestick above it, to reinforce the expectations of achieving more gains on the intraday basis, paving the way to head towards 105.20 as a next main station.

 

Therefore, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50, noting that holding above 104.10 represents the first condition to continue the expected rise.

The expected trading range for today is between 103.70 support and 105.00 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0336%
1.3887
-0.0007
0.0497%
Tadawul
10228.35
-26.53
0.26%
27.348
0.829
3.126%
64.775
0.865
1.353%
68.11
-0.84
1.22%
1814.795
25.210
1.409%
 
 
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