The USDJPY pair achieved good gains yesterday to approach our waited target at 111.05, and we expect the continuation of the bullish bias within the bullish channel that appears on the chart, noting that the next target reaches 111.70.
Therefore, we will continue to suggest the bullish trend that gets continuous support by the EMA50, noting that failing to breach 110.80 will press on the price to rebound bearishly to test 109.80 areas initially before any new attempt to rise.
The expected trading range for today is between 110.20 support and 111.40 resistance
The expected trend for today: Bullish
Origin: Economies
