The USDJPY pair managed to breach channel’s resistance and settled above it, reinforcing the expectations of continuing the bullish trend in the upcoming period, paving the way to head towards 111.00 that represents our next main target.
Moving above the EMA50 supports the suggested positive scenario, which will remain valid conditioned by the price stability above 109.20.
The expected trading range for today is between 109.40 support and 110.60 resistance
The expected trend for today: Bullish
Origin: Economies
