The USDJPY pair shows negative trades after facing solid barrier formed by the bullish channel’s resistance that appears on the chart, to move below 106.00 now, noticing that stochastic got rid of its negative momentum to show clear oversold signals, waiting to motivate the price to resume the bullish wave that targets 106.44 mainly.
The EMA50 supports the positive overview, which will remain valid conditioned by the price stability above 105.65.
The expected trading range for today is between 105.40 support and 106.50 resistance
The expected trend for today: Bullish
Origin: Economies
