The USDJPY touches the first target – Analysis - 04-10-2021

2021-10-04 04:23:24 GMT (Economies.com)
 

The USDJPY pair managed to achieve the first correctional target at 110.95 and settles there, noticing that the EMA50 forms good support against the price, while stochastic provides clear positive signals now.

 

Therefore, we believe that the chances valid to stop the correctional bearish wave and resume the main bullish trend, on its way to test 112.05 again, taking into consideration that breaking 110.95 will press on the price to achieve more bearish correction that its next main target reaches 110.25.

The expected trading range for today is between 110.60 support and 111.90 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9800
0.0145
1.4976%
1.1078
0.0257
2.3784%
18.821
-0.037
0.199%
81.544
2.250
2.837%
88.67
-0.65
0.73%
1660.605
15.245
0.926%
 
 
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