The USDJPY surpasses the second target – Analysis - 11-10-2021
The USDJPY pair succeeded to surpass our main waited target at 112.05 and rallies upwards by today’s open to confirm opening the way to extend the bullish wave on the intraday and short term basis, waiting to visit 113.40 as a next positive station.
Therefore, the bullish bias will remain dominant in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires holding above 112.05 and the most important above 111.70.
The expected trading range for today is between 112.20 support and 113.30 resistance
The expected trend for today: Bullish