The USD/JPY surpasses the first target – Analysis – 19/08/2021

jy-l3The USDJPY pair provided clear positive trades yesterday to succeed achieving our first target at 109.90, and breached it to confirm the continuation of the bullish wave in the upcoming sessions, reminding you that the next target is located at 111.00.

Moving above the EMA50 supports the suggested positive scenario, which will remain valid unless breaking 109.80 and holding below it.

The expected trading range for today is between 109.70 support and 111.00 resistance

The expected trend for today: Bullish

Origin: Economies

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