UsdJpy- carving strong base

2020年12月10日

Since the start of the pandemic, UsdJpy is trading downwards, but if we look at the daily chart we can see that this downtrend is anemic and looks more like a range with some bearish tone.
We have a recent low just above 103 and now the pair looks like it found a strong base in this zone.
I expect a trend reversal for UsdJpy and I have a bullish outlook as long as the price is trading above 103.
My target for medium-term is 108 zone