Daily Market Analysis 05/07/2021: USDJPY
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 110.987 with take profit at 111.075. Bearish Preference: Sell position is envisaged if price trades below 110.681 with take profit at 110.563. Fundamentals:No major fundamental. Comment: USD/JPY appears to be in a stronger state if we look at price action over the last ten years. During this long period …