The USD/JPY is recovering – Analysis – 22/07/2021

jpy_1The USDJPY pair traded with clear positivity to breach the bearish trend line and settles above it, which opens the way to achieve more expected rise on the intraday basis, expecting to target 110.80 areas initially.

Therefore, the bullish bias will be expected for today, and breaching the targeted level will extend the bullish wave to 111.70, while breaking 109.85 represents negative factor that will press on the price to decline again.

The expected trading range for today is between 109.60 support and 110.90 resistance

The expected trend for today: Bullish

Origin: Economies

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