The USDJPY pair managed to breach 122.62 level and hold with a daily close above it, which supports the continuation of our bullish overview and stop the bearish correction that dominated the recent trades, waiting to continue the rise to head towards 123.40 followed by 125.00 levels as next main stations.
The EMA50 supports the expected rise, which will remain valid unless breaking 122.62 and holding below it.
The expected trading range for today is between 122.30 support and 123.40 resistance
The expected trend for today: Bullish
Origin: Economies
