The USDJPY surpasses the resistance – Analysis - 04-03-2021

2021-03-04 05:13:44 GMT (Economies.com)
 

The USDJPY pair managed to breach the bullish channel’s resistance and moves above 107.00 barrier now, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, waiting to visit 107.65 that represents our next positive station.

 

The EMA50 continues to support the suggested bullish wave, which its continuation conditions holding above 106.44.

The expected trading range for today is between 106.45 support and 107.70 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2003
-0.0023
0.1883%
1.3829
-0.0124
0.8865%
Tadawul
10127.90
18.31
0.18%
26.041
0.249
0.965%
61.060
-2.118
3.352%
65.26
0.01
0.02%
1780.975
9.525
0.538%
 
 
Live Forex Updates