The USDJPY breaches the resistance – Analysis - 08-01-2021

2021-01-08 03:47:38 GMT (Economies.com)
 

The USDJPY pair rallied upwards strongly yesterday to breach 103.65 level and settles above it, which leads the price to turn to rise on the intraday basis to head towards testing 104.20 level initially, which breaching it represents the key to head towards 105.20 as a next main station.

 

Therefore, the bullish bias will be suggested for the upcoming period unless breaking 103.65 and holding below it again.

The expected trading range for today is between 103.30 support and 104.50 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2055
0.0002
0.0170%
1.3886
-0.0008
0.0565%
Tadawul
10228.35
-26.53
0.26%
27.338
0.819
3.088%
64.740
0.830
1.299%
68.13
-0.83
1.20%
1814.325
24.740
1.382%
 
 
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