The USD/JPY under the negative pressure – Analysis – 10/09/2021

jy-l2The USDJPY pair broke 110.10 level clearly and settled below it, to trade negatively and moves below the EMA50, noticing that stochastic provides clear positive signals now, to start recovering and attempt to regain the bullish trend again.

Therefore, we expect to witness positive trades in the upcoming sessions, and the targets begin by breaching 110.10 to ease the mission of heading towards 111.00 as a next main station, noting that the continuation of the bullish wave requires holding above 109.20.

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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