The USDJPY pair succeeded to achieve our waited target at 120.00 and settles near it, and it is important to monitor the price at this level, as breaching it will lead the price to achieve additional gains that reach 121.00 as a next station, while consolidating below it will press on the pair to start correctional bearish wave that targets testing 118.80 areas initially.
Therefore, we prefer to stay aside temporarily until the price confirms its situation according to 120.00 followed by getting clearer signal for the next trend.
The expected trading range for today is between 119.20 support and 120.50 resistance
The expected trend for today: Neutral
Origin: Economies
