The USDJPY within a positive pattern – Analysis - 06-05-2021
Economies.com
2021-05-06 00:45AM UTC
The USDJPY pair’s recent trades are confined within bullish pennant pattern that its signs appear on the chart, thus, the price needs to breach 109.40 to activate the positive effect of the mentioned pattern followed by rallying towards our first waited target at 110.00.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period conditioned by the price stability above 109.22 – 109.10 levels.
The expected trading range for today is between 108.60 support and 110.00 resistance
The expected trend for today: Bullish
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