The USDJPY needs the positive momentum – Analysis - 18-10-2021

The USDJPY pair surpassed our first waited target at 114.00 and fluctuates around the bullish channel’s resistance, and begin the attempts to gather the positive momentum on the intraday basis, waiting to get positive motive that assists to push the price to continue the rise, noting that our next target is located at 114.70.

Holding above 113.70 is important to continue the bullish trend, as breaking it will press on the price to test the bullish channel’s support line around 112.75 before any new attempt to rise.

The expected trading range for today is between 113.70 support and 115.00 resistance

The expected trend for today: Bullish