The USDJPY resumes the rise – Analysis - 28-12-2021

2021-12-28 04:39:20 GMT (Economies.com)
 

The USDJPY pair resumed its positive trades to reach 115.00 barrier, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our main waited target at 115.50.

 

On the other hand, we notice that the price completed forming double bottom pattern that we expect to lead the price to achieve more gains on the intraday and short term basis, taking into consideration that the continuation of the bullish wave requires holding above 114.00.

The expected trading range for today is between 114.20 support and 115.50 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
Live Forex Updates