The USDJPY price shows negative trades by today’s open to approach retesting the breached neckline of the double bottom pattern that appears on the chart, and the EMA50 meets this level to add more strength to it, waiting to resume the bullish wave that its next target located at 152.70.
Holding above 151.20 is important to the continuation of the expected rise, as breaking it will put the price under additional negative pressure to head towards testing 150.18 areas before any new attempt to rise.
The expected trading range for today is between 150.70 support and 152.30 resistance
Trend forecast: Bullish
