The USDJPY pair breached the bearish channel’s resistance clearly and settled below it, to activate the positive scenario on the intraday basis, on its way to achieve gains that start at 111.00 and extend to 111.70.
Therefore, we are waiting for more rise in the upcoming sessions, noting that breaking 109.80 will push the price back to the bearish track and push to test 109.20 initially.
The expected trading range for today is between 109.70 support and 111.00 resistance
The expected trend for today: Bullish
Origin: Economies
