The USD/JPY attempts positively – Analysis – 25/08/2021

jpy_1_newsThe USDJPY pair provided temporary negative trades yesterday but it returns to rise now and attempts to hold above the EMA50, to keep the bullish trend valid and active for the upcoming period, supported by stochastic positivity, waiting to visit 111.00 mainly.

Holding above 109.20 is important to continue the expected rise, as breaking it will press on the price to turn to decline.

The expected trading range for today is between 109.30 support and 110.50 resistance

The expected trend for today: Bullish

Origin: Economies

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