The USDJPY pair continues to fluctuate around 148.80 and finds difficulty to breach it until now, noticing that stochastic begins to get rid of its negative momentum, waiting to get positive motive that assists to push the price to breach the mentioned level and confirm extending the bullish wave on the intraday and short-term basis, to target 150.00 areas mainly.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that breaking 148.30 will stop the expected rise and push the price to return to the correctional bearish track again.
The expected trading range for today is between 148.00 support and 149.50 resistance
The expected trend for today: Bullish
Origin: Economies
