The USDJPY pair shows more bullish bias to reach the thresholds of the bearish channel’s resistance at 110.00, which represents one of the next trend keys besides 109.22 support, and as we mentioned yesterday, the price needs to surpass one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
We remind you that breaching the resistance will push the price to achieve additional gains that reach 111.00 followed by 111.70, while breaking the support will put the price under new negative pressure that its main targets begin at 108.15 followed by 107.70.
The expected trading range for today is between 109.20 support and 110.40 resistance
The expected trend for today: Neutral
Origin: Economies
