The USD/JPY tests the support – Analysis – 11/03/2021

jy-l3The USDJPY pair returned to decline to test the bullish trend line that appears on the chart, as it keeps its stability above it until now, while the EMA50 continues to support the price from below, to continue suggesting the bullish trend for the upcoming period, which its targets begin by breaching 109.22 to open the way to visit 109.85 followed by 110.30.

Note that breaking 108.35 will stop the expected bullish trend and press on the price to turn to decline.

The expected trading range for today is between 108.00 support and 109.30 resistance

The expected trend for today: Bullish

Origin: Economies

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