The USDJPY pair faced strong negative pressure yesterday to reach the bullish channel’s support line that appears on the chart, and the EMA50 meets this support to add more strength to it, while stochastic provides clear positive signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its main targets begin at 145.00 and extend to 146.50, taking into consideration that breaking 142.50 will stop the bullish wave and press on the price to start bearish correction on the intraday basis.
The expected trading range for today is between 142.70 support and 144.20 resistance
The expected trend for today: Bullish
Origin: Economies
