The USDJPY resumes the rise – Analysis - 05-05-2021

2021-05-05 00:55:43 GMT (Economies.com)
 

The USDJPY pair leaned on the intraday bullish channel’s support line and bounced bullishly to resume the bullish trend that targets visiting 110.00 level as a first station, to keep our bullish overview that gets continuous positive support by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 109.22 and the most important above 108.85, as breaking it will press on the price to turn to decline and head towards 107.70 areas on the near term basis.

The expected trading range for today is between 108.80 support and 110.00 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2158
-0.0015
0.1195%
1.4157
0.0020
0.1450%
Tadawul
10322.68
86.96
0.85%
27.579
-0.226
0.811%
65.390
-0.002
0.003%
68.64
0.32
0.47%
1835.365
-8.860
0.480%
 
 
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