The USD/JPY awaits new rises – Analysis – 13/08/2021

a-5The USDJPY pair settles around 110.40 level since yesterday, and the price gets positive signals by the EMA50 and stochastic, waiting to resume the bullish trend that targets 111.00 followed by 111.70 levels as next main stations.

Holding above 110.15 represents initial condition to continue the expected rise, as breaking it might press on the price to test 109.65 followed by 109.22 areas before any new attempt to rise.

The expected trading range for today is between 110.00 support and 111.10 resistance

The expected trend for today: Bullish

Origin: Economies

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