The USDJPY pair tested 109.20 level again and kept its stability above it, noticing that the price begins today with new bullish bias in attempt to resume the expected bullish trend on the intraday basis, which its targets begin by breaching 109.80 to open the way to head towards 111.00.
Holding above 109.20 is important to continue the bullish trend, as breaking it will press on the price to continue moving inside the bearish channel that appears on the chart to achieve negative targets that reach 107.70.
The expected trading range for today is between 109.00 support and 110.00 resistance
The expected trend for today: Bullish
Origin: Economies
