The USDJPY pair breached 133.00 level clearly and settled above it, to activate the positive scenario on the intraday basis, targeting visiting 134.50 level initially.
Stochastic gathers the positive momentum clearly to support the expectations to rise, noting that breaking 133.00 and holding below it will stop the suggested positive scenario and lead the price to return to the correctional bearish track again.
The expected trading range for today is between 132.70 support and 134.10 resistance
The expected trend for today: Bullish
Origin: Economies
