The USDJPY resumes the rise – Analysis - 06-10-2021
The USDJPY pair traded with clear positivity yesterday to surpass the minor resistance 111.40 and settles above it, which supports the continuation of our bullish overview efficiently, and the way is open to head towards our main waited target at 112.05.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 110.95.
The expected trading range for today is between 110.95 support and 112.40 resistance
The expected trend for today: Bullish