The USDJPY gathers the positive momentum – Analysis - 08-02-2021

2021-02-08 05:07:38 GMT (Economies.com)
 

The USDJPY pair keeps its stability above 105.20 level, getting continuous positive support by the EMA50, noticing that stochastic reaches the oversold areas now.

 

Therefore, we believe that the chances valid to resume the intraday bullish trend, which targets 106.00 followed by 106.44 levels mainly, while achieving them requires holding above 105.20.

The expected trading range for today is between 104.90 support and 106.30 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2058
0.0005
0.0407%
1.3891
-0.0003
0.0220%
Tadawul
10228.35
-26.53
0.26%
27.320
0.801
3.022%
64.736
0.826
1.292%
68.16
-0.79
1.15%
1813.800
24.215
1.353%
 
 
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