The USDJPY pair breached 105.20 level clearly and settled above it, which leads the price to achieve more expected gains in the upcoming period, paving the way to head towards 106.00 – 106.44 levels as next main stations.
Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, noting that breaking 105.20 will stop the suggested rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 104.80 support and 106.20 resistance
The expected trend for today: Bullish
Origin: Economies
