The USDJPY surpasses the first target – Analysis - 11-01-2021

The USDJPY pair succeeded to achieve our first waited target at 104.20 and begins attempts to breach it, which supports the chances of continuing the bullish trend in the upcoming sessions, on its way to visit 105.20 that represents the next positive target.

Therefore, we will continue to suggest the bullish trend on the intraday basis, noting that failing to achieve the required breach and bouncing bearishly to break 103.65 will stop the expected rise and press on the price to turn to the main bearish track again.

The expected trading range for today is between 103.70 support and 105.00 resistance

The expected trend for today: Bullish