The USDJPY faces new negative pressure – Analysis - 05-11-2021
Economies.com
2021-11-05 05:35AM UTC
The USDJPY pair shows new negative trades to approach testing the key support 113.40, and as long as the price is above this level, the bullish trend scenario will remain valid for the upcoming period, which its first main target located at 114.70.
We remind you that breaking 113.40 will stop the expected rise and press on the price to return to the correctional bearish track, to head towards achieving negative targets that start by visiting 112.60 areas.
The expected trading range for today is between 113.00 support and 114.30 resistance
The expected trend for today: Overall bullish
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