The USDJPY pair’s recent trades are confined within bullish pennant pattern that appears on the chart, thus, the price needs to beach 114.35 to get positive motive that push trades to resume the bullish trend, which its next target located at 114.70.
Therefore, we believe that the chances valid to continue the expected bullish trend for the upcoming period, noting that breaking 114.00 will stop the positive scenario and press on the price to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 113.70 support and 115.00 resistance
The expected trend for today: Bullish
Origin: Economies
