The USD/JPY resumes the rise – Analysis – 01/09/2021

jpy_1_newsThe USDJPY pair resumes its positive trading to reach the bearish channel’s resistance at 110.30, and we suggest surpassing this level to open the way to extend the bullish wave towards 111.00.

In general, we will continue to suggest the bullish trend unless breaking 109.20 and holding below it, noting that surpassing the second target will push the price to 111.70 as a next main station.

The expected trading range for today is between 109.60 support and 110.85 resistance

The expected trend for today: Bullish

Origin: Economies

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