The USDJPY pair rallied upwards strongly to surpass our waited target at 110.30 and reach the extended target at 111.00, organized inside the bullish channel that appears on the chart, which has positive targets that extend to 111.70.
Therefore, the bullish trend will remain suggested on the intraday and short term basis, noting that breaking 110.15 might press on the price to test the key support 109.20 before any new attempt to rise.
The expected trading range for today is between 110.30 support and 111.60 resistance
The expected trend for today: Bullish
Origin: Economies
