The USD/JPY achieves clear gains – Analysis – 11/08/2021

jpy_1_newsThe USDJPY pair trades with clear positivity to approach our first waited target at 111.00, expecting to continue the bullish bias and reach the previously recorded top at 111.70 on the near term basis.

Therefore, the positive scenario will remain valid and active for the upcoming period, noting that breaking 109.80 will stop the expected rise and put the price under the negative pressure again.

The expected trading range for today is between 110.10 support and 111.30 resistance

The expected trend for today: Bullish

Origin: Economies

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