The USDJPY needs the positive momentum – Analysis - 27-10-2021

2021-10-27 04:28:14 GMT (Economies.com)
 

The USDJPY pair provided positive trades yesterday and attempted to move away from the bullish channel’s support line, but it needs to get positive momentum that assist to push trades to achieve more gains, as the bullish trend still valid on the intraday and short term basis, supported by the EMA50 that carries the price from below, waiting to test 114.70 as a first station.

 

Note that breaking 113.95 might press on the price to decline and test 113.40 level before any new attempt to rise.

The expected trading range for today is between 113.60 support and 114.70 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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