The USDJPY pair rallied upwards clearly yesterday to surpass our first target at 144.00 and approach the extended target at 145.05, reinforcing the expectations of continuing the main bullish trend, affected by the previously completed double bottom pattern, which supports the chances of continuing the rise and achieve additional rises that reach 146.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that carries the price from below, noting that failing to breach 145.05 will push the price to start bearish wave that targets testing 144.00 and might extend to 142.00 areas before any new positive attempt.
The expected trading range for today is between 144.00 support and 145.60 resistance
The expected trend for today: Bullish
Origin: Economies
