The USDJPY pair’s recent trades are confined within bullish pennant pattern that appears on the minor image, thus, the price needs to breach 110.80 to activate the positive effect of this pattern followed by rallying to continue the recently suggested bullish trend, which its next target located at 111.70.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that it is important to hold above 110.15 to continue the expected rise.
The expected trading range for today is between 110.10 support and 111.40 resistance
The expected trend for today: Bullish
Origin: Economies
