The USDJPY surpasses the resistance – Analysis - 11-07-2022

Economies.com
2022-07-11 03:54AM UTC

The USDJPY pair opens today with strong positivity to breach 136.70 and attempts to hold above it, which stops the recently suggested negative scenario and lead the price to resume the main bullish trend again, on its way to achieve new gains that start by testing 138.00 barrier.

 

Therefore, we expect to witness more rise in the upcoming sessions conditioned by the price stability above 136.70.

The expected trading range for today is between 136.50 support and 137.70 resistance

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The expected trend for today: Bullish

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