The USDJPY tests the channel’s support – Analysis - 06-04-2021
Economies.com
2021-04-06 04:22AM UTC
The USDJPY pair provided temporary negative trades yesterday to approach the bullish channel’s support line, noticing that the price begins today with clear rise to move away from the mentioned support, which keeps the bullish trend scenario valid and active for the upcoming period, supported by stochastic positivity that appears clearly now, waiting to breach 110.80 to confirm rallying towards our next main target at 111.70.
Therefore, we will keep our bullish overview that gets continuous support by the EMA50 conditioned by the price stability above 110.00.
The expected trading range for today is between 109.90 support and 111.00 resistance
The expected trend for today: Bullish
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