The USD/JPY continues to rise – Analysis – 28/04/2021

jpy_1_newsThe USDJPY pair traded with clear positivity yesterday after surpassing 108.30 level, reinforcing the expectations of continuing the bullish trend, which targets testing 109.22 level mainly, noting that breaching this level will extend the bullish wave to reach 110.00 as a next station.

On the other hand, we should note that breaking 107.70 will stop the expected rise and press on the price to turn to decline again.

The expected trading range for today is between 108.20 support and 109.40 resistance

The expected trend for today: Bullish

Origin: Economies

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