The USDJPY pair shows bearish bias to retest the breached resistance that turns into support now at 113.85, and the EMA50 meets this support to add more strength to it, while stochastic shows oversold signals now.
Therefore, we believe that the chances valid to resume the expected bullish trend on the intraday and short term basis, which its next target located at 114.70, while its continuation requires holding above 113.85 and the most important above 113.40.
The expected trading range for today is between 113.40 support and 114.60 resistance
The expected trend for today: Bullish
Origin: Economies
