The USDJPY pair rebounds bearishly after testing the bearish channel’s resistance line, and the pair prepares to start new attempts to breach this resistance, to continue suggesting the bullish trend for the upcoming period, which targets 111.00 level as a next main station.
The EMA50 and stochastic support the expected rise, which will remain valid unless breaking 109.20 level and holding below it.
The expected trading range for today is between 109.50 support and 110.85 resistance
The expected trend for today: Bullish
Origin: Economies
