The USDJPY needs the positive momentum – Analysis - 01-02-2021

2021-02-01 05:01:33 GMT (Economies.com)
 

The USDJPY pair approached 105.00 barrier, and shows sideways trades now, waiting to get positive momentum that assists to push the price to resume the positive trading, which targets 105.20 as a next station.

 

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 103.65 and holding below it, noting that surpassing the targeted level will extend the bullish wave to reach 106.45 as a next main target.

The expected trading range for today is between 104.00 support and 105.40 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2056
0.0003
0.0212%
1.3886
-0.0008
0.0572%
Tadawul
10228.35
-26.53
0.26%
27.300
0.781
2.947%
64.760
0.850
1.330%
68.13
-0.83
1.20%
1813.310
23.725
1.326%
 
 
Live Forex Updates