The USD/JPY gets a positive signal – Analysis – 23/07/2021

a-5The USDJPY pair settles above the EMA50, and we notice that the EMA50 begins to overlap positively now, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its first main target located at 110.80.

Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 109.75, reminding you that surpassing the mentioned target will push the price to 111.70 as a next main target.

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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