The USD/JPY resumes the rise – Analysis – 01/07/2021

jpy_1The USDJPY pair rallied upwards clearly yesterday to move away from the EMA50 and surpass 111.00 barrier, which supports the continuation of our bullish overview efficiently for the upcoming period, waiting for more rise to visit 111.70 as a next target.

Holding above 110.60 represents the first condition to continue the positive scenario, as breaking it will press on the price to test 110.00 areas before any new attempt to rise.

The expected trading range for today is between 110.60 support and 111.70 resistance

The expected trend for today: Bullish

Origin: Economies

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