The USD/JPY achieves strong gains – Analysis – 13/05/2021

jy-l3The USDJPY pair rallied upwards strongly to breach 109.22 level and settles above it, which pushes the price to turn to rise and head towards achieving additional gains that start at 110.00 and extend to 111.00.

Therefore, the bullish bias will be expected for today, noting that breaking 109.22 will stop the positive scenario and press on the price to decline again.

The expected trading range for today is between 109.00 support and 110.40 resistance

The expected trend for today: Bullish

Origin: Economies

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