The USDJPY keeps achieving targets – Analysis - 12-10-2021
The USDJPY pair shows additional positive trades to succeed achieving our extended target at 113.40, and we suggest the continuation of the rise to breach this level and head towards 114.00 barrier that represents the next positive target.
The EMA50 continues to support the suggested bullish wave, noting that failing to breach the current resistance will press on the price to start intraday bearish wave that targets testing 112.05 areas before any new attempt to rise.
The expected trading range for today is between 112.60 support and 114.00 resistance
The expected trend for today: Bullish