The USDJPY gathers the positive momentum – Analysis - 03-03-2021

2021-03-03 05:09:52 GMT (Economies.com)
 

The USDJPY pair opens today’s trading with bullish bias and attempts to surpass the bullish channel’s resistance, which supports the continuation of our bullish overview, which gets continuous support by the EMA50, while stochastic got rid of its negative momentum to provide the positive support to the price.

 

Our next target is located at 107.65, while holding above 106.44 represents key condition to continue the expected rise.

The expected trading range for today is between 106.20 support and 107.60 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2009
-0.0017
0.1426%
1.3846
-0.0107
0.7651%
Tadawul
10127.90
18.31
0.18%
26.174
0.383
1.483%
61.559
-1.619
2.563%
65.48
0.16
0.24%
1781.730
10.280
0.580%
 
 
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