The USD/JPY tests the support – Analysis – 21/09/2021

jpy_2_newsThe USDJPY pair faced negative pressure yesterday to reach the key support 109.20, and begins to rise to move away from the mentioned level, supported by the positive signals provided by stochastic, waiting to visit 111.00 as a next main target.

Therefore, we will keep our bullish overview unless breaking 109.20 and holding below it, noting that breaching 109.80 will ease the mission of achieving the mentioned target.

The expected trading range for today is between 109.20 support and 110.30 resistance

The expected trend for today: Bullish

Origin: Economies

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