The USDJPY keeps achieving gains – Analysis - 05-01-2022

2022-01-05 05:02:39 GMT (Economies.com)
 

The USDJPY pair rallied upwards yesterday to approach our waited target at 116.50, and we expect the continuation of the rise to achieve more gains that reach 117.65 as a next main station.

 

Therefore, the bullish bias will remain dominant in the upcoming sessions, it might be preceded by some temporary decline affected by stochastic negativity, reminding you that the continuation of the bullish wave requires holding above 115.00.

The expected trading range for today is between 115.50 support and 116.70 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0756
0.0103
0.9683%
1.2648
0.0086
0.6834%
22.149
0.238
1.086%
114.004
3.865
3.509%
117.55
0.15
0.13%
1854.665
-1.770
0.095%
 
 
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