The USDJPY pair provided temporary negative trades yesterday and returned to fluctuate around 147.60, as it gets positive support by the EMA50, waiting for more rise to achieve positive targets that start by testing 148.80 level.
Stochastic negativity interprets the reasons of the current sideways fluctuation, waiting to gather positive momentum that assist to push the price to achieve the expected target, noting that breaking 147.30 forms the first negative key to head to achieve additional bearish correction that its targets begin by surpassing 146.78 to open the way to head towards 145.53.
The expected trading range for today is between 147.00 support and 148.50 resistance
The expected trend for today: Bullish
Origin: Economies
