The USDJPY is stable – Analysis - 02-02-2021

2021-02-02 05:32:54 GMT (Economies.com)
 

The USDJPY pair settles around 105.00 level, noticing that the price completed forming double bottom pattern that supports the chances of continuing the bullish trend within the intraday bullish channel that appears on the chart, to hint that the way is open to surpass our waited target at 105.20 and extend the bullish wave towards 106.00 followed by 106.44.

 

Therefore, the bullish trend scenario will remain valid and active on the intraday and short term basis conditioned by the price stability above 104.40.

The expected trading range for today is between 104.40 support and 105.70 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0328%
1.3887
-0.0007
0.0500%
Tadawul
10228.35
-26.53
0.26%
27.339
0.820
3.092%
64.697
0.787
1.231%
68.12
-0.85
1.23%
1814.340
24.755
1.383%
 
 
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