The USDJPY hits the first target – Analysis - 17-02-2021
Economies.com
2021-02-17 05:00AM UTC
The USDJPY pair rallied upwards strongly to succeed touching our first waited target at 106.00, and we suggest the continuation of the bullish bias to visit 106.44 that represents our next positive target.
Therefore, the positive scenario will remain valid for today, supported by the EMA50, noting that failing to surpass 106.00 – 106.20 levels will press on the price to rebound bearishly and head towards testing 105.20 areas initially before any new attempt to rise.
The expected trading range for today is between 105.40 support and 106.70 resistance
The expected trend for today: Bullish
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