The USDJPY builds new bullish wave – Analysis - 24-02-2021

2021-02-24 05:23:57 GMT (Economies.com)
 

The USDJPY pair bounced bullishly after leaning well on the bullish channel’s support line that appears on the chart, to trade with clear positivity and hint the beginning of new intraday bullish wave, on its way to visit 106.44 mainly.

 

Therefore, we expect witnessing more rise in the upcoming sessions, noting that breaking 105.10 will stop the expected bullish bias and press on the price to resume the main bearish track again.

The expected trading range for today is between 105.00 support and 106.30 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2010
-0.0016
0.1326%
1.3854
-0.0099
0.7124%
Tadawul
10127.90
18.31
0.18%
26.145
0.353
1.369%
61.558
-1.620
2.564%
65.42
0.11
0.17%
1780.945
9.495
0.536%
 
 
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