The USDJPY exits the sideways range – Analysis - 16-12-2021
Economies.com
2021-12-16 05:23AM UTC
The USDJPY pair breached 114.00 level clearly and settled above it, starting today with additional bullish bias in attempt to move away from this level, to exit the sideways range that dominated the recent trades and activate the bullish trend scenario on the intraday basis, on its way to achieve positive targets that reach 115.50.
Therefore, we expect to witness more rise in the upcoming sessions supported by the EMA50, noting that breaking 114.00 and holding below it will push the price back to the sideways track again.
The expected trading range for today is between 113.60 support and 115.00 resistance
The expected trend for today: Bullish
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