The USDJPY pair provided additional positive trades yesterday to breach 111.70 level and settles above it, which pushes the price to achieve more expected rise on the intraday and short term basis, on its way to visit 112.50 as a next positive target.
The EMA50 supports the price from below, to suggest the domination of the bullish trend in the upcoming sessions unless breaking 111.70 followed by 111.20 levels and holding below them.
The expected trading range for today is between 111.30 support and 112.50 resistance
The expected trend for today: Bullish
Origin: Economies
