The USDJPY pair resumed its bullish rally to reach 110.40 now, which supports the continuation of the bullish trend scenario on the intraday and short term basis, which targets 111.00 as a next station, noting that breaching this level will push the price to 111.70.
The EMA50 continues to support the expected rise, noting that it is important to hold above 109.80 as a first condition to continue the suggested positive scenario.
The expected trading range for today is between 109.80 support and 111.20 resistance
The expected trend for today: Bullish
Origin: Economies
