The USDJPY gets positive motives – Analysis - 10-03-2021
Economies.com
2021-03-10 05:15AM UTC
The USDJPY pair faced negative pressure yesterday to touch 108.40, but we notice that the price is recovering clearly to breach the resistance of bullish flag pattern that supports the chances of achieving more gains in the upcoming sessions, accompanied by witnessing positive overlapping signal by stochastic now.
Therefore, we believe that the chances are valid to resume the bullish trend, and the targets begin by surpassing 109.22 to confirm heading towards 109.85 followed by 110.30 levels as next main targets, noting that the continuation of the bullish wave requires holding above 108.25.
The expected trading range for today is between 108.25 support and 109.60 resistance
The expected trend for today: Bullish
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