Japanese Yen Analysis 11.10.2021

The dollar against the yen pair succeeded in surpassing our awaited main target at 112.05, and it pushed upwards at the opening of the day, to confirm opening the way for the extension of the bullish wave on the intraday and short term, waiting to visit the 113.40 level as a next positive station.

Therefore, the bullish bias will remain dominant during the upcoming sessions, supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires stability above 112.05, and most importantly above 111.70.

The expected trading range for today is between the support 112.20 and the resistance 113.30

The forecast trend for today: bullish