The USD/JPY recovers again – Analysis – 03/05/2021

jpy_3_newsThe USDJPY pair breached 109.22 level clearly and closed the daily candlestick above it, which stop the recently suggested negative scenario and lead the price to turn to rise, on its way to achieve gains that start at 110.00 followed by 110.50.

Therefore, the bullish bias will be suggested for the upcoming period supported by the EMA50, unless breaking 109.22 followed by 108.65 levels and holding below them.

The expected trading range for today is between 108.70 support and 109.90 resistance

The expected trend for today: Bullish

Origin: Economies

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