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JPYUSD analysis

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The dollar against the yen is fluctuating near 109.22 and maintains its stability above it until now, supported by the moving average 50, which carries the price from below, waiting for the resumption of positive trading to visit levels of 110.40 and then 111.00 as next targets.

 

Therefore, we will maintain our bullish trend expectations provided that it remains above 109.22, as breaking it will pressure the price to test 108.60 level before determining the fate of the next destination more precisely.

 

The expected trading range for today is between 108.80 support and 110.00 resistance

 

The expected general trend for today: Bullish

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