The USD/JPY starts bullish wave – Analysis – 18/08/2021

jpy_1The USDJPY pair shows positive trades to move away from 109.22 level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to achieve positive targets that start at 109.90 and extend to 111.00.

Holding above 109.22 is important to continue the expected rise, as breaking it will put the price under the negative pressure on the intraday and short term basis.

The expected trading range for today is between 109.00 support and 110.30 resistance

The expected trend for today: Bullish

Origin: Economies

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