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The USDJPY faces solid resistance – Analysis - 18-03-2021
The USDJPY pair faces difficulty to breach 109.22 level, to start providing negative trades now and hint heading to turn to decline, as we expect heading to test 107.70 mainly.
Therefore, the bearish bias will be expected for today, and breaking 108.65 will ease the mission of achieving the mentioned target, noting that breaching 109.22 will stop the suggested decline and push the price to resume the bullish trend again.
The expected trading range for today is between 108.20 support and 109.50 resistance
The expected trend for today: Bearish
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