The USDJPY touches the target – Analysis - 03-02-2021

2021-02-03 05:14:54 GMT (Economies.com)
 

The USDJPY pair succeeded to reach our waited target at 105.20 and settles near it, noticing that stochastic attempts to gather the positive momentum on the intraday basis, to support the chances of continuing the bullish wave and surpass the mentioned level to open the way to achieve more gains, which extend to 106.00 followed by 106.44.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that failing to achieve the breach might push the price to test 104.40 followed by 103.95 levels before any new attempt to rise.

The expected trading range for today is between 104.40 support and 105.70 resistance

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0003
0.0290%
1.3887
-0.0007
0.0500%
Tadawul
10228.35
-26.53
0.26%
27.337
0.818
3.083%
64.761
0.851
1.332%
68.12
-0.85
1.23%
1814.830
25.245
1.411%
 
 
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