The USDJPY resumes the rise – Analysis - 04-11-2021

2021-11-04 05:35:24 GMT (Economies.com)
 

The USDJPY pair traded positively yesterday to move away from the EMA50, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, and we believe that the way is open to visit 114.70 that represents our next target.

 

Note that the continuation of the bullish wave requires holding above 113.40, as breaking it will push the price back to the correctional bearish track again.

The expected trading range for today is between 113.60 support and 114.90 resistance

The expected trend for today: Bullish

 

 

 
 
 
  Symbol Last Change Chg.%
1.0332
-0.0109
1.0473%
1.1963
-0.0084
0.6997%
21.291
-0.065
0.304%
78.980
4.551
6.115%
85.03
1.76
2.11%
1749.285
-1.190
0.068%
 
 
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