The USDJPY awaits the confirmation signal – Analysis - 08-07-2021
Economies.com
2021-07-08 01:30AM UTC
The USDJPY pair did not show any strong move yesterday, to continue fluctuating near the bullish channel’s support line that appears on the chart, waiting to confirm the price situation according to this level to confirm the next trend clearly, which keeps our neutrality valid until now.
Note that breaking 110.25 support line will press on the price to achieve additional decline that its next main target reaches 109.22, while breaching 110.80 represents the key to resume the bullish trend that its first target located at 111.70.
The expected trading range for today is between 110.00 support and 111.00 resistance
The expected trend for today: Neutral
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