The USDJPY pair succeeded to achieve our first waited target at 131.25 and bounced bearishly from there, to test the key support 130.25, noticing that the price begins today with bullish bias, supported by the EMA50 that carries the price from below, besides the positive signals provided by stochastic now.
Therefor, the chances valid to provide more positive trades in the upcoming sessions, noting that our next target extends to 132.00, while holding above 130.25 represents key condition to achieve the suggested targets.
The expected trading range for today is between 129.70 support and 131.10 resistance
Origin: Economies
