The USDJPY pair breached 105.20 strongly and closed the daily candlestick above it, to stop the recently suggested negative scenario and heads to achieve more gains on the intraday basis, on its way to visit 106.00 followed by 106.44 levels as next positive targets.
Therefore, the bullish bias will be expected for today, taking into consideration that breaking 105.20 will put the price under the negative pressure again, to head towards visiting 104.60 followed by 103.65 levels mainly.
The expected trading range for today is between 105.00 support and 106.20 resistance
The expected trend for today: Bullish
Origin: Economies
