The USDJPY pair rallied upwards strongly on last Friday to breach 146.80 and reach the recently recorded high at 148.80, to stop the bearish correction mentioned in our last report and head towards regaining the main bullish trend again, to start the targets by surpassing the mentioned level and open the way to head towards 150.00 as a next station.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the suggested bullish wave, which gets positive support by the EMA50, noting that failing to breach 148.80 will push the price to rebound bearishly to head towards testing 146.80 again.
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The expected trading range for today is between 147.80 support and 149.30 resistance
The expected trend for today: Bullish
Origin: Economies
