The USD/JPY completes a positive pattern – Analysis – 12/03/2021

news_22_feb_1_usd_jpy-The USDJPY pair managed to breach the bullish flag’s resistance that its signs appear on the chart and settles above it, to get positive motive that supports the chances of resuming the expected bullish trend for the upcoming period, which targets 109.85 followed by 110.30 levels as next main stations.

Note that breaching 109.22 will ease the mission of achieving the waited targets, while holding above 108.35 represents key condition to continue the expected rise.

The expected trading range for today is between 108.30 support and 109.30 resistance

The expected trend for today: Bullish

Origin: Economies

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