The USDJPY pair rallied upwards strongly to surpass our first extended target at 138.50 and approaches the second target at 139.70, to support the continuation of the bullish wave on the short term and medium term basis, organized inside the bullish channels that appear on the chart, waiting for more rise to visit 140.00 barrier as a next main station.
Therefore, we expect the continuation of the bullish trend domination in the upcoming sessions, noting that breaking 138.20 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 138.20 support and 139.80 resistance
The expected trend for today: Bullish
Origin: Economies
