The USDJPY pair provided clear positive trades yesterday to settle around 106.00 barrier, reinforcing the expectations of continuing the bullish trend inside the bullish channel that appears on the chart, waiting to test 106.44 as a next main target.
Stochastic current negativity might cause temporary sideways fluctuation before resuming the expected rise, noting that the continuation of the bullish wave depends on the price stability above 105.20.
The expected trading range for today is between 105.40 support and 106.60 resistance
The expected trend for today: Bullish
Origin: Economies
