The USDJPY breaches the resistance – Analysis - 22-12-2021
Economies.com
2021-12-22 05:35AM UTC
The USDJPY pair surpassed 114.00 level and closed the daily candlestick above it, to exit the sideways range that dominated the recent trades and heads to achieve expected gains on the intraday basis, on its way to visit 115.50 level as a next main target.
Stochastic current negativity might cause sideways fluctuation before resuming the positive attempts, supported by moving above the EMA50, taking into consideration that breaking 114.00 and holding below it will stop he positive scenario and push the price back to the sideways track again.
The expected trading range for today is between 113.60 support and 114.80 resistance
The expected trend for today: Bullish
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