The USDJPY faces solid resistance – Analysis - 09-02-2022

2022-02-09 04:12:45 GMT (Economies.com)
 

The USDJPY pair provided positive trades yesterday but it faces solid resistance formed by the previously broken support of the bullish channel that appears on the chart, waiting to get positive motive that assist to push the price to continue the rise and head towards 116.35 that represents our next target.

 

In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 114.65.

The expected trading range for today is between 114.80 support and 116.10 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0518
-0.0072
0.6777%
1.2205
-0.0101
0.8177%
22.726
-0.430
1.859%
73.115
-8.360
10.261%
77.62
0.59
0.77%
1786.380
-9.180
0.511%
 
 
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