The USD/JPY needs the positive momentum – Analysis – 24/11/2021

jpy_1_newsThe USDJPY pair shows some slight bearish bias now, affected by stochastic negativity, and it might test the support base formed at 114.70 before resuming the rise again.

Until now, the bullish trend scenario still active as long as the price is above the mentioned level, reminding you that our waited targets begin at 115.50 and extend to 117.00 after surpassing the previous level.

The expected trading range for today is between 114.50 support and 115.60 resistance

The expected trend for today: Bullish.

Origin: Economies

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