The USDJPY tests the resistance – Analysis - 09-12-2021
Economies.com
2021-12-09 05:11AM UTC
The USDJPY pair provided positive trades yesterday to test the key resistance 114.00, which represents one of the trend keys besides 113.07 support, as we are waiting to surpass one of these levels to detect the next destination clearly.
Therefore, our neutrality still valid until now, reminding you that breaching the resistance will lead the price to resume the main bullish trend that its next targets located at 114.90 followed by 115.50, while breaking the support represents negative factor that will press on the price to achieve more bearish correction that targets 112.30 as a next station.
The expected trading range for today is between 113.00 support and 114.20 resistance
The expected trend for today: Neutral
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