The USDJPY pair provided temporary negative trades to test the EMA50 that forms good support against the price, to keep the price within the bullish channel that appears on the chart, waiting to resume the bullish trend that targets 111.70 as a next station.
Therefore, our bullish overview will remain valid and active, noting that breaking 110.50 might press on the price to test 109.80 areas before any new attempt to rise.
The expected trading range for today is between 110.20 support and 111.30 resistance
The expected trend for today: Bullish
Origin: Economies
