The USDJPY keeps fluctuating – Analysis - 21-12-2021

Economies.com
2021-12-21 05:06AM UTC

The USDJPY pair hovers around the EMA50, and still within the sideways range that its lines represented by 113.07 support and 114.00 resistance, to continue suggesting the sideways move until breaching one of the mentioned levels.

 

We remind you that breaching the resistance will push the price to resume the main bullish trend and head towards 115.50 as a next main target, while breaking the support will press on the price to visit the next correctional level at 112.30.

The expected trading range for today is between 113.00 support and 114.10 resistance

The expected trend for today: Sideways

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