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The USDJPY consolidates above the support – Analysis - 17-08-2021
The USDJPY pair tested 109.22 level and kept its stability above it, noticing that stochastic begins to provide positive signals now, which supports the chances of starting bullish wave in the upcoming sessions, making the bullish bias suggested on the intraday basis, targeting visiting 109.90 followed by 111.00 areas as initial stations.
On the other hand, we should note that breaking 109.20 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 108.70 support and 110.00 resistance
The expected trend for today: Bullish
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