The USDJPY pair succeeded to achieve our first waited target at 114.70 and breached it to close the daily candlestick above it, confirming the continuation of the bullish trend on the intraday and short term basis, paving the way to head towards 115.50 as a next main target.
The EMA50 continues to support the suggested bullish wave, noting that failing to hold above 114.70 might press on the price to achieve some intraday bearish correction before turning back to rise again.
The expected trading range for today is between 114.30 support and 115.50 resistance
The expected trend for today: Bullish
Origin: Economies
