The USD/JPY resumes the rise – Analysis – 10/06/2021

jy-l3The USDJPY pair provided positive trades yesterday to surpass the EMA50 and settle above it, reinforcing the expectations of continuing the bullish trend, which its next target located at 111.05, waiting to get positive momentum that assist to push the price to achieve the required rise.

We remind you that the continuation of the bullish wave depends on the price stability above 109.22.

The expected trading range for today is between 109.00 support and 110.20 resistance

The expected trend for today: Bullish

Origin: Economies

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