The USDJPY faces negative pressure – Analysis - 03-11-2021
1 year ago

The USDJPY pair provided clear negative trades yesterday to approach the key support 113.40, and bounced bullishly to move above the breached resistance line that appears on the chart, to keep the chances valid to resume the main bullish trend, which its targets begin by testing 114.70 level.


Therefore, the bullish trend scenario will remain active for the upcoming period, noting that breaking 113.40 will stop the suggested rise and press on the price to achieve more bearish correction.


The expected trading range for today is between 113.40 support and 114.50 resistance

The expected trend for today: Overall Bullish

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