The USD/JPY hits the first extended target – Analysis – 25/11/2021

usd-jpyThe USDJPY pair resumed its positive trades clearly yesterday to succeed achieving our first extended target at 115.50, expecting the continuation of the bullish wave to head towards 117.00 areas on the near term basis, organized inside the bullish channel that appears on the chart.

Therefore, the bullish trend will remain active for the upcoming period unless breaking 114.70 and holding above it.

The expected trading range for today is between 114.80 support and 116.10 resistance

The expected trend for today: Bullish

Origin: Economies

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