The USDJPY pair traded with clear negativity yesterday to reach slight difference from our waited target at 146.60, noticing that the price found solid support there, to rebound bullishly and head towards attempting to regain the bullish trend again, as it negotiates key resistance now at 147.60, and it needs to breach it to confirm the continuation of the rise to achieve gains that start by testing 148.80 level.
Therefore, the bullish bias will be expected for today supported by stochastic current positivity, taking into consideration that failing to breach 147.60 will stop the expected rise and push the price to decline again.
The expected trading range for today is between 147.00 support and 148.50 resistance
The expected trend for today: Bullish
Origin: Economies
