The USDJPY faces solid resistance – Analysis - 13-10-2021
The USDJPY pair fluctuates around the bullish channel’s resistance that appears on the chart, and the price attempts to get positive momentum that assist to push trades to resume the bullish trend, which targets 114.00 as a next station.
Until now, we continue to suggest the bullish trend that gets continuous support by the EMA5 conditioned by the price stability above 113.10, as breaking it will press on the price to test 112.30 areas before any new attempt to rise.
The expected trading range for today is between 112.90 support and 114.10 resistance
The expected trend for today: Bullish